L3Harris (NYSE:LHX) has been assigned a $265.00 price target by analysts at Barclays in a research note issued on Friday, TipRanks reports. The firm presently has a “buy” rating on the stock. Barclays‘s price objective would indicate a potential upside of 29.38% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. Credit Suisse Group boosted their target price on L3Harris from $220.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. SunTrust Banks boosted their target price on L3Harris to $232.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on L3Harris from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Morgan Stanley began coverage on L3Harris in a research note on Tuesday. They issued an “overweight” rating and a $259.00 target price on the stock. Finally, Vertical Research began coverage on L3Harris in a research note on Wednesday, July 3rd. They issued a “buy” rating and a $204.70 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. L3Harris currently has an average rating of “Buy” and a consensus price target of $235.21.
NYSE LHX traded up $3.43 during trading on Friday, hitting $204.82. The stock had a trading volume of 70,609 shares, compared to its average volume of 1,420,463. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.42. L3Harris has a 12 month low of $123.24 and a 12 month high of $211.82.
Several institutional investors have recently made changes to their positions in LHX. New Mexico Educational Retirement Board acquired a new stake in shares of L3Harris in the second quarter valued at $1,826,000. Parallel Advisors LLC acquired a new stake in shares of L3Harris in the second quarter valued at $100,000. Tocqueville Asset Management L.P. acquired a new stake in shares of L3Harris in the second quarter valued at $1,094,000. Somerset Trust Co acquired a new stake in shares of L3Harris in the second quarter valued at $1,209,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of L3Harris in the second quarter valued at $306,000. Institutional investors own 95.82% of the company’s stock.
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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