Zacks: L3Harris (NYSE:LHX) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of L3Harris (NYSE:LHX) have been given an average broker rating score of 1.33 (Strong Buy) from the nine brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and seven have given a strong buy rating to the company. L3Harris’ rating score has improved by 3.6% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a twelve-month consensus price objective of $204.75 for the company and are predicting that the company will post $2.30 earnings per share for the current quarter, according to Zacks. Zacks has also given L3Harris an industry rank of 68 out of 256 based on the ratings given to related companies.

A number of equities analysts have recently weighed in on the company. Goldman Sachs Group set a €149.00 ($173.26) target price on Airbus and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Vertical Research assumed coverage on L3Harris in a research report on Wednesday, July 3rd. They set a “buy” rating and a $204.70 target price on the stock. Finally, SunTrust Banks upped their target price on Crowdstrike to $80.00 and gave the stock a “hold” rating in a research report on Friday.

LHX stock traded down $0.66 during trading on Friday, hitting $193.48. The company had a trading volume of 1,125,900 shares, compared to its average volume of 1,108,048. L3Harris has a one year low of $123.24 and a one year high of $200.77.

L3Harris (NYSE:LHX) last issued its earnings results on Wednesday, May 1st. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.07. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion.

About L3Harris

L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.

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