The stock of L-3 Communications Holdings, Inc. (NYSE:LLL) reached all time high today, Nov, 24 and still has $168.94 target or 9.00% above today’s $154.99 share price. This indicates more upside for the $11.98B company. This technical setup was reported by Barchart.com. If the $168.94 PT is reached, the company will be worth $1.08 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.93% or $2.93 on November 23, hitting $154.99. About 470,673 shares traded hands. L-3 Communications Holdings, Inc. (NYSE:LLL) has risen 24.96% since April 22, 2016 and is uptrending. It has outperformed by 19.55% the S&P500.
Analysts await L-3 Communications Holdings, Inc. (NYSE:LLL) to report earnings on January, 26. They expect $2.13 EPS, down 1.39% or $0.03 from last year’s $2.16 per share. LLL’s profit will be $164.64 million for 18.19 P/E if the $2.13 EPS becomes a reality. After $1.88 actual EPS reported by L-3 Communications Holdings, Inc. for the previous quarter, Wall Street now forecasts 13.30% EPS growth.
L-3 Communications Holdings, Inc. (NYSE:LLL) Ratings Coverage
Out of 11 analysts covering L-3 Communications (NYSE:LLL), 9 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 82% are positive. L-3 Communications has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of LLL in a report on Thursday, July 30 to “Underperform” rating. On Tuesday, September 8 the stock rating was downgraded by Goldman Sachs to “Neutral”. Barclays Capital upgraded it to “Overweight” rating and $165 target price in Thursday, November 10 report. The company was maintained on Monday, October 10 by . Barclays Capital maintained the shares of LLL in a report on Monday, May 2 with “Equal Weight” rating. On Thursday, August 25 the stock rating was upgraded by JP Morgan to “Overweight”. RBC Capital Markets maintained L-3 Communications Holdings, Inc. (NYSE:LLL) rating on Friday, July 31. RBC Capital Markets has “Sector Perform” rating and $121 price target. The rating was upgraded by Goldman Sachs on Monday, May 2 to “Buy”. The firm has “Outperform” rating by Robert W. Baird given on Thursday, October 6. The firm has “Buy” rating given on Friday, July 31 by Deutsche Bank.
According to Zacks Investment Research, “L-3 Communications Holdings is a merchant supplier of sophisticated secure communication systems and specialized communication products. They produce secure, high data rate communication systems, microwave components, avionics and ocean systems and telemetry, instrumentation and space products. L-3’s systems and specialized products are used to connect a variety of airborne, space, ground-and sea-based communication systems and are used in the transmission, processing, recording, monitoring and dissemination functions of these communication systems.”
Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.06, from 1 in 2016Q1. The ratio improved, as 30 funds sold all L-3 Communications Holdings, Inc. shares owned while 164 reduced positions. 64 funds bought stakes while 130 increased positions. They now own 61.56 million shares or 5.68% less from 65.27 million shares in 2016Q1.
Wellington Shields Cap Mgmt last reported 0.29% of its portfolio in the stock. Point72 Asset Limited Partnership holds 0.37% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL) for 366,000 shares. Cipher Capital Lp, a New York-based fund reported 19,230 shares. Moreover, Bokf Na has 0.13% invested in L-3 Communications Holdings, Inc. (NYSE:LLL) for 24,248 shares. Blackrock Fund Advsrs holds 1.46 million shares or 0.05% of its portfolio. Point72 Asia (Hong Kong) last reported 200 shares in the company. Whittier Co Of Nevada has invested 0.02% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL). Murphy Capital Management accumulated 0.14% or 6,200 shares. Palladium Ptnrs Lc has invested 0.18% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL). Fil Ltd has invested 1.32% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL). Jacobs Levy Equity Management Incorporated holds 0.28% or 90,700 shares in its portfolio. Fund Sa last reported 0.04% of its portfolio in the stock. Hsbc Plc owns 108,302 shares or 0.04% of their US portfolio. Chesapeake Asset Mgmt Ltd Liability has 0.45% invested in the company for 3,797 shares. Bluemountain Limited Liability Company accumulated 17,229 shares or 0.06% of the stock.
Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 5 selling transactions for $22.83 million net activity. SIMON ARTHUR L sold $536,400 worth of stock or 3,600 shares. Post Steven M had sold 33,375 shares worth $5.05 million. 12,760 shares were sold by Dambrosio Ralph, worth $1.91 million. CANIZARES CLAUDE R sold $370,918 worth of stock. The insider STRIANESE MICHAEL T sold $14.96 million.
More important recent L-3 Communications Holdings, Inc. (NYSE:LLL) news were published by: Wsj.com which released: “L-3 Communications Acquires MacDonald Humfrey Automation” on November 22, 2016, also Forbes.com published article titled: “L-3 Communications Holdings is Oversold”, Nasdaq.com published: “L-3 Communications Holdings, Inc. (LLL) Ex-Dividend Date Scheduled for …” on November 14, 2016. More interesting news about L-3 Communications Holdings, Inc. (NYSE:LLL) was released by: Nasdaq.com and their article: “L-3 Communications Closes MacDonald Humfrey Acquisition” with publication date: November 23, 2016.
LLL Company Profile
L-3 Communications Holdings, Inc. (L-3 Holdings), incorporated on March 20, 1997, operates through its operating subsidiary L-3 Communications (L-3). The Firm operates through three divisions: Electronic Systems, Aerospace Systems and Communication Systems. L-3 Communications is a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, and security and detection systems. L-3 is also a well-known provider of a range of communication and electronic systems and products used on military and commercial platforms. The Company’s clients include the United States Department of Defense (DoD) and its prime contractors, the United States Government intelligence agencies, the United States Department of Homeland Security (DHS), foreign Governments, and domestic and international commercial customers.
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