The stock of L-3 Communications Holdings, Inc. (NYSE:LLL) hit a new 52-week high and has $167.19 target or 6.00% above today’s $157.73 share price. The 9 months bullish chart indicates low risk for the $12.13 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $167.19 price target is reached, the company will be worth $727.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 346,909 shares traded hands. L-3 Communications Holdings, Inc. (NYSE:LLL) has risen 20.58% since April 28, 2016 and is uptrending. It has outperformed by 14.66% the S&P500.
Analysts await L-3 Communications Holdings, Inc. (NYSE:LLL) to report earnings on January, 26. They expect $2.13 earnings per share, down 1.39% or $0.03 from last year’s $2.16 per share. LLL’s profit will be $163.80M for 18.51 P/E if the $2.13 EPS becomes a reality. After $1.88 actual earnings per share 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. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 31 report. Deutsche Bank maintained L-3 Communications Holdings, Inc. (NYSE:LLL) rating on Monday, June 13. Deutsche Bank has “Buy” rating and $160 price target. 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 Barclays Capital on Thursday, November 10 to “Overweight”. Citigroup initiated L-3 Communications Holdings, Inc. (NYSE:LLL) on Tuesday, September 6 with “Buy” rating. Goldman Sachs downgraded it to “Neutral” rating and $116 target price in Tuesday, September 8 report. Drexel Hamilton upgraded the stock to “Buy” rating in Friday, May 20 report. The rating was upgraded by Goldman Sachs on Monday, May 2 to “Buy”. The rating was maintained by Barclays Capital with “Equal Weight” on Monday, May 2. As per Thursday, August 25, the company rating was upgraded by JP Morgan.
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.
Oakbrook Investments Limited Company reported 10,450 shares or 0.08% of all its holdings. Spot Trading Llc holds 0.04% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL) for 16,830 shares. Kcm Invest Advsr Ltd reported 2,701 shares or 0.03% of all its holdings. Korea Investment Corp accumulated 9,800 shares or 0.01% of the stock. Blackrock Invest Mgmt Ltd Llc, a New Jersey-based fund reported 185,054 shares. Independent Investors holds 7,900 shares or 0.56% of its portfolio. Twin Tree Management L P holds 15,505 shares or 0.04% of its portfolio. Gemmer Asset Mngmt Ltd Liability Corp owns 77 shares or 0.01% of their US portfolio. The United Kingdom-based Old Mutual Invsts (Uk) Ltd has invested 0.06% in L-3 Communications Holdings, Inc. (NYSE:LLL). The Netherlands-based Ing Groep Nv has invested 0.01% in L-3 Communications Holdings, Inc. (NYSE:LLL). Lombard Odier Asset Mngmt (Europe) Limited, a United Kingdom-based fund reported 1,536 shares. Royal Natl Bank Of Canada has invested 0.01% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL). First Personal Financial holds 0.13% of its portfolio in L-3 Communications Holdings, Inc. (NYSE:LLL) for 2,509 shares. The Netherlands-based Robeco Institutional Asset Management Bv has invested 0.1% in L-3 Communications Holdings, Inc. (NYSE:LLL). Bluestein R H last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 5 sales for $22.83 million net activity. On Friday, August 5 Post Steven M sold $5.05M worth of the stock or 33,375 shares. Dambrosio Ralph sold $1.91M worth of L-3 Communications Holdings, Inc. (NYSE:LLL) on Wednesday, August 3. 3,600 shares were sold by SIMON ARTHUR L, worth $536,400 on Monday, August 22. 100,000 L-3 Communications Holdings, Inc. (NYSE:LLL) shares with value of $14.96 million were sold by STRIANESE MICHAEL T. $370,918 worth of L-3 Communications Holdings, Inc. (NYSE:LLL) shares were sold by CANIZARES CLAUDE R.
Another recent and important L-3 Communications Holdings, Inc. (NYSE:LLL) news was published by Wsj.com which published an article titled: “L-3 Communications Acquires MacDonald Humfrey Automation” on November 22, 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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