L-3 Communications Holdings (LLL) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on May 2, 2016.
Many Wall Street Analysts have commented on L-3 Communications Holdings. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 137 from a previous price target of $135 .Company shares were Reiterated by Barclays on Feb 16, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 126 from a previous price target of $123 .
On the company’s financial health, L-3 Communications Holdings reported $2.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.50 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.58. The company had revenue of $2353.00 million for the quarter, compared to analysts expectations of $2352.59 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.
L-3 Communications Holdings opened for trading at $126.44 and hit $131.54 on the upside on Wednesday, eventually ending the session at $130.88, with a gain of 4.85% or 6.06 points. The heightened volatility saw the trading volume jump to 14,58,033 shares. Company has a market cap of $10,185 M.
In a different news, on Mar 2, 2016, Michael T Strianese (Chairman and CEO) sold 100,000 shares at $118.35 per share price. According to the SEC, on Mar 2, 2016, Ralph Dambrosio (SVP & Chief Financial Officer) sold 11,000 shares at $118.55 per share price. On Feb 23, 2016, Richard A. Cody (SVP of Washington Operations) sold 6,805 shares at $118.61 per share price, according to the Form-4 filing with the securities and exchange commission.
L-3 Communications Holdings Inc. (L-3 Holdings) operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). L-3 is a prime contractor in intelligence surveillance and reconnaissance (ISR) systems aircraft sustainment (including modifications logistics and maintenance) simulation and training night vision and image intensification equipment enterprise and mission information technology (IT) solutions and cyber operations. L-3 also provides a range of communication and electronic systems and products used on military and commercial platforms. It operates in four segments: Electronic Systems Aerospace Systems Communication Systems and National Security Solutions (NSS). Its customers include the United States Department of Defense and its prime contractors the United States Government intelligence agencies the United States Department of Homeland Security foreign Governments and domestic and international commercial customers.