At the time of writing, L3Harris Technologies Inc [LHX] stock is trading at $227.10, down -1.34%. 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 1.03% over the last week, with a monthly amount glided 1.35%, 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 July 26, 2024, when Deutsche Bank downgraded its rating to a Hold and also boosted its price target to $257 from $245. Previously, Alembic Global Advisors upgraded its rating to Overweight on April 22, 2024, and kept the price target unchanged to $238. On January 11, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $240 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $240 on December 15, 2023. Robert W. Baird upgraded its rating to a Outperform and raised its price target to $216 on October 31, 2023. Raymond James upgraded its rating to Outperform for this stock on October 30, 2023, but kept the price target unchanged to $210. In a note dated September 28, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $192 on this stock.
For the past year, the stock price of L3Harris Technologies Inc fluctuated between $160.25 and $245.60. Currently, Wall Street analysts expect the stock to reach $249.53 within the next 12 months. L3Harris Technologies Inc [NYSE: LHX] shares were valued at $227.10 at the most recent close of the market. An investor can expect a potential return of 9.88% based on the average LHX price forecast.
Analyzing the LHX fundamentals
According to L3Harris Technologies Inc [NYSE:LHX], the company’s sales were 20.77B for trailing twelve months, which represents an 12.91% jump. Gross Profit Margin for this corporation currently stands at 0.24% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.
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 223.80 points at the first support level, and at 220.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 230.95, and for the 2nd resistance point, it is at 234.80.
Ratios To Look Out For
It is important to note that L3Harris Technologies Inc [NYSE:LHX] has a current ratio of 0.90. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 2.29 and price to earnings (TTM) ratio is 36.35.
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.
