How Smart Investors Look at L3Harris Technologies (LHX).

By Kim Brooks • Thursday, November 14 15:17 • Permanent Link

Large-cap Industrials company L3Harris Technologies has moved -4.9% so far today on a volume of 845,216, compared to its average of 690,601. In contrast, the S&P 500 index moved -0.0%.

L3Harris Technologies trades -10.86% away from its average analyst target price of $279.14 per share. The 23 analysts following the stock have set target prices ranging from $206.0 to $324.0, and on average have given L3Harris Technologies a rating of buy.

If you are considering an investment in LHX, you'll want to know the following:

L3Harris Technologies's current price is 108.3% above its Graham number of $119.44, which implies that at its current valuation it does not offer a margin of safety
L3Harris Technologies has moved 40.5% over the last year, and the S&P 500 logged a change of 32.8%
Based on its trailing earnings per share of 6.33, L3Harris Technologies has a trailing 12 month Price to Earnings (P/E) ratio of 39.3 while the S&P 500 average is 29.3
LHX has a forward P/E ratio of 17.3 based on its forward 12 month price to earnings (EPS) of $14.39 per share
Its Price to Book (P/B) ratio is 2.48 compared to its sector average of 3.2
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide.
Based in Melbourne, the company has 50,000 full time employees and a market cap of $47.19 Billion. L3Harris Technologies currently returns an annual dividend yield of 1.8%.

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.