Breaking: Barclays Reiterates $220 PT On L3 Technologies (NYSE:LLL) Shares, Reiterates Their Original “Overweight” Rating

L3 Technologies, Inc. (NYSE:LLL) Logo

Investors sentiment increased to 2 in 2018 Q2. Its up 1.00, from 1 in 2018Q1. It increased, as 4 investors sold L3 Technologies, Inc. shares while 0 reduced holdings. 5 funds opened positions while 3 raised stakes. 41,375 shares or 38.85% more from 29,799 shares in 2018Q1 were reported.

Naples Global Advisors Ltd Company holds 0.1% of its portfolio in L3 Technologies, Inc. (NYSE:LLL) for 1,840 shares. Cibc World Mkts stated it has 0.03% of its portfolio in L3 Technologies, Inc. (NYSE:LLL). Gemmer Asset Management Lc holds 0.01% or 77 shares in its portfolio. Stanley holds 0.23% in L3 Technologies, Inc. (NYSE:LLL) or 5,358 shares. Oak Associate Ltd Oh invested 0.03% of its portfolio in L3 Technologies, Inc. (NYSE:LLL). Whittier Tru Communication reported 0% stake. Cim Inv Mangement owns 5,539 shares for 0.37% of their portfolio. West Oak Limited Liability owns 0% invested in L3 Technologies, Inc. (NYSE:LLL) for 100 shares. Whittier Of Nevada Inc stated it has 0.04% in L3 Technologies, Inc. (NYSE:LLL).

L3 Technologies (NYSE:LLL) Rating Reaffirmed

In a research note issued this morning, Barclays reaffirmed their “Overweight” rating on L3 Technologies (NYSE:LLL) shares. The price target means a possible upside of 23.41 % from company’s last stock close price.

L3 Technologies, Inc. (NYSE:LLL) Ratings Coverage

Among 4 analysts covering L3 Technologies (NYSE:LLL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. L3 Technologies has $250 highest and $230 lowest target. $239.50’s average target is 34.35% above currents $178.27 stock price. L3 Technologies had 4 analyst reports since July 27, 2018 according to SRatingsIntel. The rating was downgraded by JP Morgan to “Neutral” on Friday, November 2. The stock of L3 Technologies, Inc. (NYSE:LLL) has “Outperform” rating given on Friday, July 27 by Credit Suisse. The firm has “Buy” rating by Citigroup given on Monday, July 30.

The stock decreased 2.50% or $4.57 during the last trading session, reaching $178.27. About 839,287 shares traded or 7.71% up from the average. L3 Technologies, Inc. (NYSE:LLL) has risen 13.71% since December 4, 2017 and is uptrending. It has underperformed by 1.91% the S&P500.

Analysts await L3 Technologies, Inc. (NYSE:LLL) to report earnings on January, 24. They expect $2.67 earnings per share, up 13.62 % or $0.32 from last year’s $2.35 per share. LLL’s profit will be $210.12M for 16.69 P/E if the $2.67 EPS becomes a reality. After $2.85 actual earnings per share reported by L3 Technologies, Inc. for the previous quarter, Wall Street now forecasts -6.32 % negative EPS growth.

L3 Technologies, Inc. provides aerospace systems, and communication and electronic systems and products used on military and commercial platforms in the United States and internationally. The company has market cap of $14.03 billion. The firm operates in three divisions: Electronic Systems, Aerospace Systems, and Communication Systems. It has a 13.27 P/E ratio. It offers components, products, subsystems, and systems, as well as related services to military and commercial clients in various business areas, such as precision engagement and training, aviation products and security, power and propulsion systems, sensor systems, warrior systems, and advanced programs.

More notable recent L3 Technologies, Inc. (NYSE:LLL) news were published by: Seekingalpha.com which released: “L3 discloses preliminary Q3 results – Seeking Alpha” on October 15, 2018, also Bizjournals.com with their article: “Why Orlando may see more mergers after $33.5B Harris Corp., L3 alliance – Orlando Business Journal” published on November 15, 2018, Bizjournals.com published: “Orlando Space Coast firm gets military flight test work – Orlando Business Journal” on November 06, 2018. More interesting news about L3 Technologies, Inc. (NYSE:LLL) were released by: Bizjournals.com and their article: “Deal of fortune: Why Harris Corp. and L3 Technologies are going all in on $33.5B merger – Orlando Business Journal” published on November 29, 2018 as well as Businesswire.com‘s news article titled: “L3 to Present at the Credit Suisse 6th Annual Industrials Conference – Business Wire” with publication date: November 26, 2018.

L3 Technologies, Inc. (NYSE:LLL) Ratings Chart

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