L3Harris (NYSE:LHX) PT Set at $265.00 by Barclays

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.

L3Harris (NYSE:LHX) last released its earnings results on Wednesday, July 31st. The company reported $2.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.14. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $4.31 billion. L3Harris had a return on equity of 29.27% and a net margin of 13.95%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. On average, equities research analysts forecast that L3Harris will post 8.99 EPS for the current year.

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.

About L3Harris

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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