At the time of writing, L3Harris Technologies Inc [LHX] stock is trading at $200.34, down -1.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LHX shares have lost -2.82% over the last week, with a monthly amount drifted -5.88%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
For the past year, the stock price of L3Harris Technologies Inc fluctuated between $160.25 and $218.34. 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 $200.34 at the most recent close of the market. An investor can expect a potential return of 24.2% based on the average LHX price forecast.
Analyzing the LHX fundamentals
According to L3Harris Technologies Inc [NYSE:LHX], the company’s sales were 19.42B for trailing twelve months, which represents an 16.64% jump. 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 199.25 points at the first support level, and at 198.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 202.37, and for the 2nd resistance point, it is at 204.39.
Ratios To Look Out For
It is important to note that L3Harris Technologies Inc [NYSE:LHX] has a current ratio of 0.99. As well, the Quick Ratio is 0.80, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 31.10.
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.
