L3Harris Technologies Inc (LHX) Receives a Buy from Barclays

By Jason Carr

In a report released yesterday, David E. Strauss from Barclays maintained a Buy rating on L3Harris Technologies Inc (LHXResearch Report), with a price target of $270.00. The company’s shares closed last Monday at $209.25, close to its 52-week high of $217.31.

According to TipRanks.com, Strauss is a 4-star analyst with an average return of 6.3% and a 58.9% success rate. Strauss covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and Huntington Ingalls.

L3Harris Technologies Inc has an analyst consensus of Strong Buy, with a price target consensus of $238.14.

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L3Harris Technologies Inc’s market cap is currently $46.57B and has a P/E ratio of 26.60. The company has a Price to Book ratio of 7.38.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LHX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

L3Harris Technologies, Inc. is an agile global aerospace and defense technology innovator, which engages in the provision of defense and commercial technologies across air, land, sea, space and cyber domains. It operates through the following segments: Integrated Mission Systems; Space and Airborne Systems; Communication Systems; and Aviation Systems.