L3Harris (NYSE:LHX) had its price target lifted by Credit Suisse Group from $220.00 to $236.00 in a research note issued to investors on Thursday, The Fly reports. They currently have an outperform rating on the stock.
LHX has been the subject of a number of other research reports. SunTrust Banks boosted their price target on L3Harris to $232.00 and gave the company a buy rating in a research note on Thursday. Vertical Research began coverage on L3Harris in a research note on Wednesday, July 3rd. They issued a buy rating and a $204.70 price target for the company. Finally, Goldman Sachs Group began coverage on L3Harris in a research note on Tuesday, July 9th. They issued a buy rating and a $240.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $226.28.
Shares of L3Harris stock traded down $0.43 during trading on Thursday, reaching $204.42. The company’s stock had a trading volume of 1,228,939 shares, compared to its average volume of 1,412,661. The stock has a market cap of $24.20 billion, a PE ratio of 24.66, a PEG ratio of 2.85 and a beta of 0.95. L3Harris has a 52 week low of $123.24 and a 52 week high of $211.82. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.42.
Hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC acquired a new position in L3Harris during the second quarter worth about $25,000. Financial Gravity Wealth Inc. acquired a new position in L3Harris during the second quarter worth about $74,000. Municipal Employees Retirement System of Michigan acquired a new position in L3Harris during the second quarter worth about $306,000. Tocqueville Asset Management L.P. acquired a new position in L3Harris during the second quarter worth about $1,094,000. Finally, Somerset Trust Co acquired a new position in L3Harris during the second quarter worth about $1,209,000. 96.57% of the stock is owned by institutional investors and hedge funds.
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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