A share price of L3Harris Technologies Inc [LHX] is currently trading at $237.15, down -1.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LHX shares have lost -0.46% over the last week, with a monthly amount glided 5.17%, and seem to be holding up well over a long-time horizon.
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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.
L3Harris Technologies Inc experienced fluctuations in its stock price throughout the past year between $160.25 and $242.86. 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 $237.15 at the most recent close of the market. An investor can expect a potential return of 6.29% based on the average LHX price forecast.
Analyzing the LHX fundamentals
Trailing Twelve Months sales for L3Harris Technologies Inc [NYSE:LHX] were 20.16B which represents 16.55% growth. 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 235.63 points at the first support level, and at 234.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 239.94, and for the 2nd resistance point, it is at 242.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for L3Harris Technologies Inc [NYSE:LHX] is 0.96. Also, the Quick Ratio is 0.79, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 2.41 and price to earnings (TTM) ratio is 38.48.
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.
