Today’s Stock Alert: Time to Reconsider L-3 Communications Holdings, Inc. After Reaching 52-Week High?

Today's Stock Alert: Time to Reconsider L 3 Communications Holdings, Inc. After Reaching 52 Week High?

The stock of L-3 Communications Holdings, Inc. (NYSE:LLL) hit a new 52-week high and has $164.18 target or 5.00% above today’s $156.36 share price. The 6 months bullish chart indicates low risk for the $12.32B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $164.18 price target is reached, the company will be worth $616.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.88% or $1.37 on November 25, hitting $156.36. About 187,804 shares traded hands. L-3 Communications Holdings, Inc. (NYSE:LLL) has risen 24.96% since April 22, 2016 and is uptrending. It has outperformed by 19.55% the S&P500.

Analysts await L-3 Communications Holdings, Inc. (NYSE:LLL) to report earnings on January, 26. They expect $2.13 earnings per share, down 1.39% or $0.03 from last year’s $2.16 per share. LLL’s profit will be $167.83 million for 18.35 P/E if the $2.13 EPS becomes a reality. After $1.88 actual earnings per share reported by L-3 Communications Holdings, Inc. for the previous quarter, Wall Street now forecasts 13.30% EPS growth.

L-3 Communications Holdings, Inc. (NYSE:LLL) Ratings Coverage

Out of 11 analysts covering L-3 Communications (NYSE:LLL), 9 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 82% are positive. L-3 Communications has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, May 19 by RBC Capital Markets. Deutsche Bank maintained L-3 Communications Holdings, Inc. (NYSE:LLL) on Monday, June 13 with “Buy” rating. Barclays Capital maintained it with “Equal Weight” rating and $133 target price in Monday, May 2 report. Cowen & Co downgraded the stock to “Market Perform” rating in Friday, October 30 report. Barclays Capital upgraded L-3 Communications Holdings, Inc. (NYSE:LLL) on Thursday, November 10 to “Overweight” rating. The rating was initiated by Citigroup on Tuesday, September 6 with “Buy”. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Underperform” rating given by Bank of America on Thursday, July 30. Goldman Sachs downgraded it to “Neutral” rating and $116 target price in Tuesday, September 8 report. On Friday, July 31 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

According to Zacks Investment Research, “L-3 Communications Holdings is a merchant supplier of sophisticated secure communication systems and specialized communication products. They produce secure, high data rate communication systems, microwave components, avionics and ocean systems and telemetry, instrumentation and space products. L-3’s systems and specialized products are used to connect a variety of airborne, space, ground-and sea-based communication systems and are used in the transmission, processing, recording, monitoring and dissemination functions of these communication systems.”

Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.06, from 1 in 2016Q1. The ratio increased, as 30 funds sold all L-3 Communications Holdings, Inc. shares owned while 164 reduced positions. 64 funds bought stakes while 130 increased positions. They now own 61.56 million shares or 5.68% less from 65.27 million shares in 2016Q1.
Piedmont Advisors Limited Company has 36,091 shares for 0% of their US portfolio. First Republic Inv Mngmt holds 0.01% or 7,957 shares in its portfolio. Meridian Investment Counsel has 3,650 shares for 0.36% of their US portfolio. The Germany-based Allianz Asset Ag has invested 0% in L-3 Communications Holdings, Inc. (NYSE:LLL). Federated Investors Pa has 0% invested in the company for 4,244 shares. Great West Life Assurance Can accumulated 0.02% or 50,958 shares. Neuberger Berman Lc has 183,925 shares for 0.04% of their US portfolio. Checchi Cap Advisers Lc last reported 794 shares in the company. Moreover, Ny State Common Retirement Fund has 0.05% invested in L-3 Communications Holdings, Inc. (NYSE:LLL) for 233,100 shares. Jpmorgan Chase accumulated 2.00 million shares or 0.07% of the stock. Canal Ins Communication last reported 0.13% of its portfolio in the stock. Focused Wealth Mngmt has 300 shares for 0.02% of their US portfolio. Blackrock Japan Communication Limited last reported 0.06% of its portfolio in the stock. Ny Life holds 725 shares or 0.51% of its portfolio. Pub Employees Retirement Association Of Colorado has 0.02% invested in the company for 15,212 shares.

Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 5 sales for $22.83 million net activity. 100,000 shares with value of $14.96 million were sold by STRIANESE MICHAEL T on Wednesday, August 3. 3,600 shares were sold by SIMON ARTHUR L, worth $536,400. 12,760 shares with value of $1.91M were sold by Dambrosio Ralph on Wednesday, August 3. The insider Post Steven M sold $5.05M. CANIZARES CLAUDE R had sold 2,469 shares worth $370,918 on Wednesday, August 10.

More recent L-3 Communications Holdings, Inc. (NYSE:LLL) news were published by: Wsj.com which released: “L-3 Communications Acquires MacDonald Humfrey Automation” on November 22, 2016. Also Forbes.com published the news titled: “L-3 Communications Holdings is Oversold” on October 27, 2016. Nasdaq.com‘s news article titled: “L-3 Communications Holdings, Inc. (LLL) Ex-Dividend Date Scheduled for …” with publication date: November 14, 2016 was also an interesting one.

LLL Company Profile

L-3 Communications Holdings, Inc. (L-3 Holdings), incorporated on March 20, 1997, operates through its operating subsidiary L-3 Communications (L-3). The Firm operates through three divisions: Electronic Systems, Aerospace Systems and Communication Systems. L-3 Communications is a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, and security and detection systems. L-3 is also a well-known provider of a range of communication and electronic systems and products used on military and commercial platforms. The Company’s clients include the United States Department of Defense (DoD) and its prime contractors, the United States Government intelligence agencies, the United States Department of Homeland Security (DHS), foreign Governments, and domestic and international commercial customers.

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