L3Harris Technologies (NYSE:LHX – Get Rating) had its price target lowered by stock analysts at Susquehanna Bancshares from $302.00 to $298.00 in a research report issued to clients and investors on Monday, Stock Target Advisor reports. Susquehanna Bancshares’ target price would indicate a potential upside of 28.30% from the stock’s previous close.
Several other research firms have also recently weighed in on LHX. StockNews.com cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday. TheStreet upgraded shares of L3Harris Technologies from a “c” rating to a “b-” rating in a report on Monday, January 31st. Wells Fargo & Company increased their target price on shares of L3Harris Technologies from $240.00 to $291.00 and gave the stock an “overweight” rating in a report on Monday, March 7th. Morgan Stanley increased their target price on shares of L3Harris Technologies from $230.00 to $276.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 2nd. Finally, Susquehanna reduced their target price on shares of L3Harris Technologies from $302.00 to $298.00 in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $260.55.
Shares of NYSE LHX opened at $232.26 on Monday. The stock has a market cap of $44.84 billion, a P/E ratio of 24.97, a P/E/G ratio of 3.90 and a beta of 0.76. The firm has a 50 day moving average price of $250.50 and a 200 day moving average price of $230.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.40. L3Harris Technologies has a 52-week low of $200.71 and a 52-week high of $279.71.
In other L3Harris Technologies news, insider Edward J. Zoiss sold 4,730 shares of the company’s stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $220.00, for a total transaction of $1,040,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of LHX. Pinnacle Private Wealth LLC bought a new position in L3Harris Technologies during the fourth quarter worth about $351,000. Mcdonald Partners LLC increased its position in L3Harris Technologies by 2.6% during the third quarter. Mcdonald Partners LLC now owns 25,708 shares of the company’s stock worth $5,662,000 after acquiring an additional 650 shares during the period. National Bank of Canada FI bought a new position in L3Harris Technologies during the fourth quarter worth about $3,040,000. Whittier Trust Co. of Nevada Inc. increased its position in L3Harris Technologies by 2.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,994 shares of the company’s stock worth $425,000 after acquiring an additional 47 shares during the period. Finally, Clearstead Trust LLC increased its position in L3Harris Technologies by 1.5% during the fourth quarter. Clearstead Trust LLC now owns 12,459 shares of the company’s stock worth $2,657,000 after acquiring an additional 184 shares during the period. 80.15% of the stock is currently owned by institutional investors.
L3Harris Technologies Company Profile (Get Rating)
L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.
- Get a free copy of the StockNews.com research report on L3Harris Technologies (LHX)
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