Cowen & Co. Believes L3 Technologies Inc (NYSE: LLL) Still Has Room to Grow

By Carrie Williams

Cowen & Co. analyst Cai Rumohr maintained a Buy rating on L3 Technologies Inc (LLLResearch Report) today and set a price target of $250. The company’s shares opened today at $225, close to its 52-week high of $234.77.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.6% and a 73.1% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.

Currently, the analyst consensus on L3 Technologies Inc is a Moderate Buy with an average price target of $247.50.

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L3 Technologies Inc’s market cap is currently $17.22B and has a P/E ratio of 22.57. The company has a Price to Book ratio of 2.95.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.

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L3 Technologies, Inc. operates as a defense technology company. It operates through the following segments: ISR Systems, Communications & Networked Systems and Electronic Systems.