L3Harris Technologies Inc [LHX] stock prices are up 2.71% to $213.92 at the moment. 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 1.99% over the last week, with a monthly amount drifted -7.27%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
L3Harris Technologies Inc [NYSE: LHX] stock has seen the most recent analyst activity on January 08, 2025, when Bernstein upgraded its rating to a Outperform and also revised its price target to $267 from $289. Previously, Raymond James downgraded its rating to Mkt Perform on January 02, 2025. On November 26, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $300 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $300 on October 31, 2024. Wolfe Research upgraded its rating to a Outperform but $300 remained the price target by the analyst firm on October 10, 2024. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on August 14, 2024, and downed its price target to $240. In a note dated August 09, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $275 to $257.
The stock price of L3Harris Technologies Inc [LHX] has been fluctuating between $200.18 and $265.74 over the past year. Currently, Wall Street analysts expect the stock to reach $275 within the next 12 months. L3Harris Technologies Inc [NYSE: LHX] shares were valued at $213.92 at the most recent close of the market. An investor can expect a potential return of 28.55% 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 0.06 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 209.63 points at the first support level, and at 205.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 216.30, and for the 2nd resistance point, it is at 218.68.
Ratios To Look Out For
It’s worth pointing out that L3Harris Technologies Inc [NYSE:LHX]’s Current Ratio is 1.04. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 33.78.
Transactions by insiders
Recent insider trading involved NIEBERGALL ROSS, President, Aerojet Rocketdyne, that happened on Dec 30 ’24 when 1373.0 shares were sold. Officer, NIEBERGALL ROSS completed a deal on Dec 30 ’24 to buy 1373.0 shares. Meanwhile, President, Aerojet Rocketdyne NIEBERGALL ROSS sold 1764.0 shares on Dec 23 ’24.
