L-3 Communications (NYSE:LLL) Rating Reaffirmed
In a comprehensive report issued this morning, RBC Capital Mkts has restated their Sector Perform rating on L-3 Communications (NYSE:LLL) shares. The target would now indicate a possible upside of 3.86% from company’s last stock close price.
From a total of 9 analysts covering L-3 Communications (NYSE:LLL) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is $155 while the lowest target price is $123. The mean of all analyst targets is $134.22 with a 0.96% above today’s ($124.21) stock price. L-3 Communications was the topic of 6 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Cowen & Co downgraded shares on October 30 to “Market Perform” rating. Deutsche Bank maintained LLL stock in a recent report from July 31 with “Buy” rating. Finally, Bank of America downgraded the stock to “Underperform” rating in a report issued on a July 30.
The stock closed the day at $124.21 during the previous session. It is down 9.07% since May 6, 2015 and is uptrending. It has outperformed by 9.87% the S&P500.
The overall sentiment of institutions has decreased to 0.68 in Q2 2015. Its down 0.10, from 0.78 in 2015Q2. The ratio turned negative, as 59 institutions have sold all the shares of L-3 Communications Holdings, Inc. that they owned while 174 funds have taken shares off the table. 38 funds have purchased shares for the first time while 121 added to their positions. These institutions now hold 65.23 million shares or 0.66% less than the 65.66 million shares they owned in 2015Q2.
The Fund Cognios Capital Llc currently is holding shares equating to 2.44% of its total portfolio in L-3 Communications Holdings, Inc. representing a total of 40,312 shares. Another fund,Guyasuta Investment Advisors Inc, is holding a total of 136,319 shares equating to 2.07% of their holdings. Additionally, Philadelphia Trust Co has a 219,311 share stake in L-3 Communications Holdings, Inc. which represents 2.07% of their total portfolio. The Fund, Palisade Asset Management Llc, based out of Minnesota, has also built up a stake in the stock, which represents a total of 1.39% of their total portfolio. Finally Zweig Advisers Llc, a fund which is based in the state of Connecticut reported a total holdings of 73,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to February 25, 2015, shareholders of L-3 Communications Holdings, Inc. have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $46,232 . Simon Arthur L sold 400 shares worth approximately $46,232. Rose Leslie sold 26,680 shares worth approximately $3.48 million. Post Steven M sold 18,901 shares worth approximately $2.47 million.
L-3 Communications Holdings, Inc. operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). The company has a market cap of $9.74 billion. L-3 is a prime contractor in intelligence, surveillance and reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, enterprise and mission information technology (IT) solutions, and cyber operations. It has 94.22 P/E ratio. L-3 also provides a range of communication and electronic systems and products used on military and commercial platforms.
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.” Get a free copy of the Zacks research report on L-3 Communications Holdings, Inc. (LLL).