SunTrust Banks Initiates Coverage on L3Harris (NYSE:LHX)

SunTrust Banks started coverage on shares of L3Harris (NYSE:LHX) in a report issued on Friday, Briefing.com Automated Import reports. The brokerage issued a buy rating and a $220.00 target price on the stock.

A number of other analysts also recently issued reports on the stock. Goldman Sachs Group set a €149.00 ($173.26) price target on shares of Airbus and gave the stock a buy rating in a report on Tuesday, July 9th. Vertical Research began coverage on shares of L3Harris in a report on Wednesday, July 3rd. They set a buy rating and a $204.70 price target on the stock.

Shares of NYSE LHX opened at $194.91 on Friday. L3Harris has a 1 year low of $123.24 and a 1 year high of $200.77. The firm has a market cap of $22.85 billion, a P/E ratio of 29.99, a PEG ratio of 2.69 and a beta of 0.98. The company has a current ratio of 1.42, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95.

L3Harris (NYSE:LHX) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.07. L3Harris had a net margin of 13.60% and a return on equity of 27.13%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. On average, research analysts anticipate that L3Harris will post 8.15 EPS for the current year.

L3Harris Company Profile

L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.

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