The stock of L-3 Communications Holdings, Inc. (NYSE:LLL) reached all time high today, Nov, 29 and still has $163.07 target or 3.00% above today’s $158.32 share price. This indicates more upside for the $12.25B company. This technical setup was reported by Barchart.com. If the $163.07 PT is reached, the company will be worth $367.50 million 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. About 242,498 shares traded hands. L-3 Communications Holdings, Inc. (NYSE:LLL) has risen 25.40% since April 26, 2016 and is uptrending. It has outperformed by 20.14% 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 $164.81 million for 18.58 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. The firm has “Buy” rating given on Monday, October 10 by . Barclays Capital maintained the stock with “Equal Weight” rating in Monday, May 2 report. The stock of L-3 Communications Holdings, Inc. (NYSE:LLL) earned “Buy” rating by Deutsche Bank on Monday, June 13. The rating was upgraded by RBC Capital Markets on Thursday, May 19 to “Outperform”. Cowen & Co downgraded the stock to “Market Perform” rating in Friday, October 30 report. On Friday, July 31 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. The stock of L-3 Communications Holdings, Inc. (NYSE:LLL) earned “Buy” rating by Drexel Hamilton on Friday, May 20. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, December 9. The firm has “Overweight” rating given on Thursday, November 10 by Barclays Capital.
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 increased, 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.
Reliance Of Delaware last reported 0.15% of its portfolio in the stock. Wedge L Lp Nc has 0.44% invested in the company for 292,230 shares. Ww Asset Mgmt Inc holds 8,353 shares or 0.05% of its portfolio. Canal Insur holds 0.13% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL) for 2,616 shares. Deutsche Natl Bank Ag has 0.03% invested in the company for 322,670 shares. Lsv Asset Mgmt last reported 32,100 shares in the company. Scopus Asset Mgmt L P owns 110,000 shares or 0.22% of their US portfolio. Gulf Int Retail Bank (Uk) reported 24,228 shares or 0.06% of all its holdings. Bnp Paribas Arbitrage Sa owns 31,522 shares or 0.02% of their US portfolio. Profund Llc has 0.02% invested in the company for 2,230 shares. Gotham Asset Ltd Liability Corp, a New York-based fund reported 118,842 shares. Mutual Of America Cap Management Limited Company holds 20,981 shares or 0.07% of its portfolio. The New Jersey-based Jacobs Levy Equity Mngmt has invested 0.28% in L-3 Communications Holdings, Inc. (NYSE:LLL). The Virginia-based Burney Communication has invested 0.07% in L-3 Communications Holdings, Inc. (NYSE:LLL). Bluemountain Capital Mgmt Limited has 0.06% invested in the company for 17,229 shares.
Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 5 insider sales for $22.83 million net activity. $370,918 worth of shares were sold by CANIZARES CLAUDE R on Wednesday, August 10. $14.96 million worth of L-3 Communications Holdings, Inc. (NYSE:LLL) was sold by STRIANESE MICHAEL T on Wednesday, August 3. Post Steven M sold 33,375 shares worth $5.05 million. $1.91M worth of L-3 Communications Holdings, Inc. (NYSE:LLL) was sold by Dambrosio Ralph. SIMON ARTHUR L sold 3,600 shares worth $536,400.
More news for L-3 Communications Holdings, Inc. (NYSE:LLL) were recently published by: Wsj.com, which released: “L-3 Communications Acquires MacDonald Humfrey Automation” on November 22, 2016. Nasdaq.com‘s article titled: “L-3 Communications Holdings, Inc. (LLL) Ex-Dividend Date Scheduled for …” and published on November 14, 2016 is yet another important article.
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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