Barclays Believes LLL Still Has Room to Grow

By Ryan Adsit

Barclays analyst Carter Copeland upgraded L-3 Communications (NYSE: LLL) to Buy today and set a price target of $165. The company’s shares closed yesterday at $148.35, close to its 52-week high of $154.50.

According to, Copeland is a 5-star analyst with an average return of 11.4% and a 72.3% success rate. Copeland covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., General Dynamics Corp., and Lockheed Martin Corp.

Currently, the analyst consensus on L-3 Communications is Strong Buy and the average price target is $170.17, representing a 14.7% upside.

In a report issued on October 28, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $184 price target.

Based on L-3 Communications’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.51 billion and quarterly net profit of $148 million. In comparison, last year the company earned revenue of $2.82 billion and had a GAAP net loss of $299 million.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Arthur Simon, a Director at LLL sold 3,600 shares for a total of $536,400.

L-3 Communications Holdings, Inc. operates as a holding company. It operates through its subsidiary L-3 Communications Corp., which is a prime contractor in intelligence, surveillance and reconnaissance systems, command, control, communications, aircraft modernization and maintenance, and sustainment of aircraft, maritime vessels and ground vehicles, and national security solutions. The company operates its business through Aerospace Systems, Electronic Systems, Communication Systems and National Security Systems segments. The Aerospace Systems segment delivers integrated solutions for the global Intelligence, Surveillance and Reconnaissance (ISR) market and provides modernization, upgrade, sustainment, and maintenance and logistics support for a wide variety of aircraft and ground systems. The Electronic Systems segment provides a broad range of components, products, subsystems, systems and related services for military and commercial customers. The Communication Systems segment delivers products and services for the global communications market, specializing in strategic and tactical airborne, space, ground and sea-based communication systems. The National Security Solutions segment provides cyber security solutions, high-performance computing, enterprise IT services, analytics and intelligence analysis. The company was founded by Frank C. Lanza and Robert V. LaPenta in April 1997 and is headquartered in New York, NY.