L3Harris Technologies (LHX) Receives a Rating Update from a Top Analyst
In a report released yesterday, Kenneth Herbert from RBC Capital maintained a Hold rating on L3Harris Technologies, with a price target of $365.00.
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According to TipRanks, Herbert is a top 100 analyst with an average return of 25.5% and a 65.65% success rate. Herbert covers the Industrials sector, focusing on stocks such as Airbus Group SE, Boeing, and L3Harris Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for L3Harris Technologies with a $397.85 average price target.
Based on L3Harris Technologies’ latest earnings release for the quarter ending January 2, the company reported a quarterly revenue of $5.65 billion and a net profit of $300 million. In comparison, last year the company earned a revenue of $5.52 billion and had a net profit of $453 million
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LHX in relation to earlier this year. Last month, JON RAMBEAU, the Pres., Coms. & Spec. Dom of LHX sold 5,528.00 shares for a total of $2,047,128.96.
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