L3Harris Technologies Inc [LHX] stock prices are down -0.90% to $238.25 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 4.83% over the last week, with a monthly amount glided 9.56%, and 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 April 22, 2024, when Alembic Global Advisors upgraded its rating to a Overweight but kept the price target unchanged to $238 for it. Previously, JP Morgan upgraded its rating to Overweight on January 11, 2024, and kept the price target unchanged to $240. On December 15, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $240 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $216 on October 31, 2023. Raymond James upgraded its rating to a Outperform but $210 remained the price target by the analyst firm on October 30, 2023. Deutsche Bank started tracking with a Hold rating for this stock on September 28, 2023, and assigned it a price target of $192. In a note dated September 18, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $204 to $209.
The stock price of L3Harris Technologies Inc [LHX] has been fluctuating between $160.25 and $240.60 over the past year. Currently, Wall Street analysts expect the stock to reach $252.07 within the next 12 months. L3Harris Technologies Inc [NYSE: LHX] shares were valued at $238.25 at the most recent close of the market. An investor can expect a potential return of 5.8% based on the average LHX price forecast.
Analyzing the LHX fundamentals
The L3Harris Technologies Inc [NYSE:LHX] reported sales of 20.16B for trailing twelve months, representing a surge of 16.55%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.1%, 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 0.06 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
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 236.70 points at the first support level, and at 235.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 241.33, and for the 2nd resistance point, it is at 244.41.
Ratios To Look Out For
It’s worth pointing out that L3Harris Technologies Inc [NYSE:LHX]’s Current Ratio is 0.96. In addition, the Quick Ratio stands at 0.79 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 38.66.
Transactions by insiders
Recent insider trading involved MIKUEN SCOTT T, Sr VP-General Counsel & Secy, that happened on Jul 15 ’24 when 15887.0 shares were sold. Sr VP-General Counsel & Secy, MIKUEN SCOTT T completed a deal on Jul 11 ’24 to sell 10527.0 shares. Meanwhile, Sr. VP Strategy, Growth & Tech Stackley Sean J sold 3354.0 shares on Jun 17 ’24.
