Don't Judge L3Harris Technologies on Technicals Alone - Check Its Fundamentals!

L3Harris Technologies logged a 0.5% change during today's morning session, and is now trading at a price of $190.12 per share. The S&P 500 index moved 0.0%. LHX's trading volume is 28,865 compared to the stock's average volume of 1,080,420.

L3Harris Technologies trades -19.56% away from its average analyst target price of $236.35 per share. The 17 analysts following the stock have set target prices ranging from $169.0 to $338.0, and on average have given L3Harris Technologies a rating of buy.

Anyone interested in buying LHX should be aware of the facts below:

  • L3Harris Technologies's current price is 56.7% above its Graham number of $121.35, which implies that at its current valuation it does not offer a margin of safety

  • L3Harris Technologies has moved -21.3% over the last year, and the S&P 500 logged a change of 10.1%

  • Based on its trailing earnings per share of 4.81, L3Harris Technologies has a trailing 12 month Price to Earnings (P/E) ratio of 39.5 while the S&P 500 average is 15.97

  • LHX has a forward P/E ratio of 14.3 based on its forward 12 month price to earnings (EPS) of $13.27 per share

  • The company has a price to earnings growth (PEG) ratio of 13.51 — a number near or below 1 signifying that L3Harris Technologies is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 1.97 compared to its sector average of 3.78

  • L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide.

  • Based in Melbourne, the company has 46,000 full time employees and a market cap of $36.02 Billion. L3Harris Technologies currently returns an annual dividend yield of 2.4%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.