At the time of writing, L3Harris Technologies Inc [LHX] stock is trading at $203.97, up 2.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The LHX shares have gain 4.23% over the last week, with a monthly amount drifted -6.71%, 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.
For the past year, the stock price of L3Harris Technologies Inc fluctuated between $193.09 and $265.74. Currently, Wall Street analysts expect the stock to reach $280.83 within the next 12 months. L3Harris Technologies Inc [NYSE: LHX] shares were valued at $203.97 at the most recent close of the market. An investor can expect a potential return of 37.68% based on the average LHX price forecast.
Analyzing the LHX fundamentals
According to L3Harris Technologies Inc [NYSE:LHX], the company’s sales were 21.32B for trailing twelve months, which represents an 3.43% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 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 0.06.
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 200.93 points at the first support level, and at 197.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.74, and for the 2nd resistance point, it is at 207.52.
Ratios To Look Out For
It is important to note that L3Harris Technologies Inc [NYSE:LHX] has a current ratio of 1.04. On the other hand, the Quick Ratio is 0.87, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 25.88.
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.
