mercoledì 3 ottobre 2012

JPMorgan Chase Gives Neutral Rating to L-3 Communications (LLL)


L-3 Communications (NYSE: LLL)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase in a research report issued to clients and investors on Monday. They currently have a $74.00 price target on the stock.
LLL has been the subject of a number of other recent research reports. Analysts at Zacks  downgraded shares of L-3 Communications from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 24th. They now have a $66.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of L-3 Communications from $86.00 to $83.00 in a research note to investors on Monday, September 24th. They now have a “buy” rating on the stock.
L-3 Communications traded up 2.19% on Monday, hitting $73.28. L-3 Communications has a 1-year low of $59.15 and a 1-year high of $74.79. The company has a market cap of $7.075 billion and a price-to-earnings ratio of 7.94.
L-3 Communications last released its earnings data on Thursday, July 26th. The company reported $2.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.87 by $0.16. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts expect that L-3 Communications will post $7.82 EPS for the current fiscal year.
L-3 Communications Holdings, Inc. (L-3 Holdings) is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services.