L3Harris Technologies Inc [LHX] stock is trading at $233.32, down -0.60%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LHX shares have gain 1.57% over the last week, with a monthly amount glided 1.91%, 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 August 14, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $240 from $250. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 09, 2024, and dropped its price target to $257. On July 26, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $257 on the stock. Alembic Global Advisors upgraded its rating to a Overweight but stick to its price target of $238 on April 22, 2024. JP Morgan upgraded its rating to a Overweight but $240 remained the price target by the analyst firm on January 11, 2024. Deutsche Bank upgraded its rating to Buy for this stock on December 15, 2023, and upped its price target to $240. In a note dated October 31, 2023, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $198 to $216.
L3Harris Technologies Inc [LHX] stock has fluctuated between $160.25 and $245.60 over the past year. Currently, Wall Street analysts expect the stock to reach $245.8 within the next 12 months. L3Harris Technologies Inc [NYSE: LHX] shares were valued at $233.32 at the most recent close of the market. An investor can expect a potential return of 5.35% based on the average LHX price forecast.
Analyzing the LHX fundamentals
L3Harris Technologies Inc [NYSE:LHX] reported sales of 20.77B for the trailing twelve months, which represents a growth of 12.91%. 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 232.00 points at the first support level, and at 230.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 235.14, and for the 2nd resistance point, it is at 236.96.
Ratios To Look Out For
For context, L3Harris Technologies Inc’s Current Ratio is 0.90. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 37.35.
Transactions by insiders
Recent insider trading involved Stackley Sean J, Officer, that happened on Sep 18 ’24 when 34707.0 shares were purchased. President, Aerojet Rocketdyne, NIEBERGALL ROSS completed a deal on Sep 03 ’24 to sell 2988.0 shares. Meanwhile, Officer NIEBERGALL ROSS bought 2988.0 shares on Sep 03 ’24.
