L3Harris Technologies Inc [LHX] stock prices are up 1.57% to $250.95 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LHX shares have gain 2.40% over the last week, with a monthly amount glided 3.80%, 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.
The stock price of L3Harris Technologies Inc [LHX] has been fluctuating between $179.56 and $258.89 over the past year. 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 $250.95 at the most recent close of the market. An investor can expect a potential return of 1.12% based on the average LHX price forecast.
Analyzing the LHX fundamentals
The L3Harris Technologies Inc [NYSE:LHX] reported sales of 21.14B for trailing twelve months, representing a surge of 7.67%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 248.28 points at the first support level, and at 245.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 252.42, and for the 2nd resistance point, it is at 253.88.
Ratios To Look Out For
It’s worth pointing out that L3Harris Technologies Inc [NYSE:LHX]’s Current Ratio is 1.04. As well, the Quick Ratio is 0.87, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 2.50 and price to earnings (TTM) ratio is 39.63.
Transactions by insiders
Recent insider trading involved NIEBERGALL ROSS, President, Aerojet Rocketdyne, that happened on Nov 04 ’24 when 2988.0 shares were sold. Chair and CEO, KUBASIK CHRISTOPHER E completed a deal on Oct 31 ’24 to sell 21351.0 shares. Meanwhile, Officer NIEBERGALL ROSS bought 2988.0 shares on Nov 04 ’24.
