A share price of L3Harris Technologies Inc [LHX] is currently trading at $247.47, up 0.84%. 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 gain 1.35% over the last week, with a monthly amount glided 1.15%, 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 October 31, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $300 for it. Previously, Wolfe Research upgraded its rating to Outperform on October 10, 2024, and kept the price target unchanged to $300. On August 14, 2024, downgrade downgraded it’s rating to Sector Perform and revised its price target to $240 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $257 on August 09, 2024. Deutsche Bank downgraded its rating to a Hold and raised its price target to $257 on July 26, 2024. Alembic Global Advisors upgraded its rating to Overweight for this stock on April 22, 2024, but kept the price target unchanged to $238. In a note dated January 11, 2024, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $240.
L3Harris Technologies Inc experienced fluctuations in its stock price throughout the past year between $176.15 and $258.89. Currently, Wall Street analysts expect the stock to reach $253.76 within the next 12 months. L3Harris Technologies Inc [NYSE: LHX] shares were valued at $247.47 at the most recent close of the market. An investor can expect a potential return of 2.54% based on the average LHX price forecast.
Analyzing the LHX fundamentals
Trailing Twelve Months sales for L3Harris Technologies Inc [NYSE:LHX] were 21.14B which represents 7.67% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.09%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
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 245.19 points at the first support level, and at 242.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 249.51, and for the 2nd resistance point, it is at 251.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for L3Harris Technologies Inc [NYSE:LHX] is 1.04. Also, the Quick Ratio is 0.87, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 2.47 and price to earnings (TTM) ratio is 39.08.
Transactions by insiders
Recent insider trading involved KUBASIK CHRISTOPHER E, Officer, that happened on Oct 31 ’24 when 21351.0 shares were purchased. Former Officer, Stackley Sean J completed a deal on Oct 18 ’24 to buy 5241.0 shares. Meanwhile, President, Aerojet Rocketdyne NIEBERGALL ROSS sold 2988.0 shares on Oct 02 ’24.
