L-3 Communications (LLL) Given “Hold” Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of L-3 Communications (NYSE:LLL) in a report released on Wednesday, December 6th. Stifel Nicolaus currently has a $215.00 price target on the aerospace company’s stock.

LLL has been the subject of several other research reports. Cowen reiterated a buy rating and issued a $190.00 price objective on shares of L-3 Communications in a research report on Monday, August 14th. ValuEngine cut L-3 Communications from a buy rating to a hold rating in a research note on Monday, October 2nd. Royal Bank of Canada reaffirmed a hold rating on shares of L-3 Communications in a research note on Sunday, October 8th. Bank of America lifted their price objective on L-3 Communications from $185.00 to $205.00 and gave the stock a neutral rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised L-3 Communications from a hold rating to a buy rating and set a $210.00 price objective for the company in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $198.36.

Shares of L-3 Communications (LLL) traded down $1.20 during trading hours on Wednesday, hitting $197.85. The stock had a trading volume of 284,560 shares, compared to its average volume of 571,773. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The firm has a market cap of $15,554.20, a price-to-earnings ratio of 27.21, a PEG ratio of 3.50 and a beta of 1.19. L-3 Communications has a one year low of $143.54 and a one year high of $199.97.

L-3 Communications (NYSE:LLL) last posted its earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the company earned $1.88 EPS. L-3 Communications’s revenue was up 5.6% on a year-over-year basis. equities research analysts anticipate that L-3 Communications will post 8.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.00 annualized dividend and a yield of 1.52%. L-3 Communications’s payout ratio is presently 41.27%.

In related news, insider Michael T. Strianese sold 22,545 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $196.26, for a total transaction of $4,424,681.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 67,639 shares of company stock worth $12,818,253 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in shares of L-3 Communications in the second quarter valued at approximately $100,000. Bronfman E.L. Rothschild L.P. grew its position in L-3 Communications by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after buying an additional 332 shares in the last quarter. Invictus RG acquired a new stake in L-3 Communications during the third quarter worth approximately $135,000. Parallel Advisors LLC grew its position in L-3 Communications by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after buying an additional 347 shares in the last quarter. Finally, NEXT Financial Group Inc grew its position in L-3 Communications by 53.8% during the third quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock worth $190,000 after buying an additional 354 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “L-3 Communications (LLL) Given “Hold” Rating at Stifel Nicolaus” was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://weekherald.com/2017/12/30/stifel-nicolaus-reaffirms-hold-rating-for-l-3-communications-lll.html.

About L-3 Communications

L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.

Analyst Recommendations for L-3 Communications (NYSE:LLL)

Receive News & Ratings for L-3 Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply