L3Harris Technologies Inc [LHX] stock prices are down -0.32% to $205.49 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LHX shares have gain 0.60% over the last week, with a monthly amount drifted -4.25%, and not seem to be holding up well over a long-time horizon.
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On 10, April 2024, L3Harris Selects Mercury to Provide Solid-State Data Recorders for SDA’s Tranche 2 Tracking Layer Satellites. In a post published today on Yahoo Finance, Rendering of L3Harris’ Tracking Layer Tranche 2 missile-tracking satellites for the Space Development Agency. Credit: L3Harris.
From an analyst’s perspective:
L3Harris Technologies Inc [NYSE: LHX] stock has seen the most recent analyst activity on January 11, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $240 for it. Previously, Deutsche Bank upgraded its rating to Buy on December 15, 2023, and elevated its price target to $240. On October 31, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $216 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $210 on October 30, 2023. Deutsche Bank initiated its recommendation with a Hold and recommended $192 as its price target on September 28, 2023. Wells Fargo upgraded its rating to Overweight for this stock on September 18, 2023, and upped its price target to $209.
The stock price of L3Harris Technologies Inc [LHX] has been fluctuating between $160.25 and $218.34 over the past year. Currently, Wall Street analysts expect the stock to reach $248.83 within the next 12 months. L3Harris Technologies Inc [NYSE: LHX] shares were valued at $205.49 at the most recent close of the market. An investor can expect a potential return of 21.09% based on the average LHX price forecast.
Analyzing the LHX fundamentals
The L3Harris Technologies Inc [NYSE:LHX] reported sales of 19.42B for trailing twelve months, representing a surge of 16.64%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 202.25 points at the first support level, and at 199.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.49, and for the 2nd resistance point, it is at 209.49.
L3Harris Technologies Inc [LHX] reported earnings per share of $3.35 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.31/share, meaning a difference of $0.04 and a surprise factor of 1.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.19 per share as compared to estimates of $3.03 per share, a difference of $0.16 representing a surprise of 5.30%.
Ratios To Look Out For
It’s worth pointing out that L3Harris Technologies Inc [NYSE:LHX]’s Current Ratio is 0.99. In addition, the Quick Ratio stands at 0.80 and the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 2.08 and price to earnings (TTM) ratio is 31.90.
Transactions by insiders
Recent insider trading involved KUBASIK CHRISTOPHER E, Chair and CEO, that happened on Mar 26 ’24 when 6258.0 shares were sold. Chair and CEO, KUBASIK CHRISTOPHER E completed a deal on Mar 25 ’24 to sell 40000.0 shares. Meanwhile, Sr VP-General Counsel & Secy MIKUEN SCOTT T sold 3363.0 shares on Mar 18 ’24.
