Home  »  Industry   »  L3Harris Technologies Inc. (LHX) Is Now En Route t...

L3Harris Technologies Inc. (LHX) Is Now En Route to Higher Prices

L3Harris Technologies Inc. (NYSE: LHX) is -6.48% lower on its value in year-to-date trading and has touched a low of $189.73 and a high of $279.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LHX stock was last observed hovering at around $194.25 in the last trading session, with the day’s gains setting it 0.47% off its average median price target of $250.00 for the next 12 months. It is also 42.39% off the consensus price target high of $338.00 offered by 23 analysts, but current levels are -10.01% lower than the price target low of $177.00 for the same period.

Currently trading at $194.72, the stock is -3.34% and -8.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 0.24% at the moment leaves the stock -15.27% off its SMA200. LHX registered -11.79% loss for a year compared to 6-month loss of -13.95%.

5 Undervalued Stocks For 2023

Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's. This company, however, is sitting on a goldmine opportunity as it plans to produce 30,000 tonnes per annum over the next 3.5 years from this single deposit. Supplying the electric vehicle boom and potentially driving its stock price off the charts. But this is just one of the opportunities we have researched in our free report. The other four companies have just as much potential.

Click here to download your Free Copy…

Sponsored

The stock witnessed a -5.92% gain in the last 1 month and extending the period to 3 months gives it a -21.23%, and is 0.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.96% over the week and 2.08% over the month.

L3Harris Technologies Inc. (LHX) has around 47000 employees, a market worth around $36.87B and $16.83B in sales. Current P/E ratio is 33.87 and Fwd P/E is 15.59. Profit margin for the company is 6.70%. Distance from 52-week low is 2.63% and -30.39% from its 52-week high. The company has generated returns on investments over the last 12 months (6.20%).

L3Harris Technologies Inc. (LHX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for L3Harris Technologies Inc. (LHX) is a “Overweight”. 23 analysts offering their recommendations for the stock, where 11 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

L3Harris Technologies Inc. is expected to release its quarterly report on 04/28/2023.The EPS is expected to grow by 75.10% this year.

L3Harris Technologies Inc. (LHX) Top Institutional Holders

The shares outstanding are 191.30M, and float is at 189.51M with Short Float at 0.85%.

L3Harris Technologies Inc. (LHX) Insider Activity

A total of 22 insider transactions have happened at L3Harris Technologies Inc. (LHX) in the last six months, with sales accounting for 13 and purchases happening 9 times. The most recent transaction is an insider sale by MEHNERT DANA A,the company’sPres., Communication Systems. SEC filings show that MEHNERT DANA A sold 1,985 shares of the company’s common stock on Dec 05 at a price of $227.25 per share for a total of $0.45 million. Following the sale, the insider now owns 23830.0 shares.

L3Harris Technologies Inc. disclosed in a document filed with the SEC on Nov 08 that GIRARD JAMES P (Vice President & CHRO) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 08 and was made at $229.38 per share for $1.15 million. Following the transaction, the insider now directly holds 7144.0 shares of the LHX stock.

Still, SEC filings show that on Oct 31, KUBASIK CHRISTOPHER E (Chair and CEO) disposed off 20,000 shares at an average price of $245.22 for $4.9 million. The insider now directly holds 98,926 shares of L3Harris Technologies Inc. (LHX).

L3Harris Technologies Inc. (LHX): Who are the competitors?

The company’s main competitors (and peers) include Raytheon Technologies Corporation (RTX) that is trading 14.06% up over the past 12 months and The Boeing Company (BA) that is 3.18% higher over the same period. Lockheed Martin Corporation (LMT) is 21.02% up on the 1-year trading charts.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts