In a report released today, Noah Poponak from Goldman Sachs maintained a Sell rating on L3Harris Technologies (LHX – Research Report). The company’s shares closed last Friday at $214.54.
According to TipRanks, Poponak is a 2-star analyst with an average return of -0.1% and a 44.30% success rate. Poponak covers the Industrials sector, focusing on stocks such as Boeing, Hexcel, and CAE.
L3Harris Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $240.13.
The company has a one-year high of $217.16 and a one-year low of $158.42. Currently, L3Harris Technologies has an average volume of 1.11M.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LHX in relation to earlier this year. Last month, Christopher Kubasik, the Chair and CEO of LHX sold 46,258.00 shares for a total of $9,814,932.78.
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 (LHX) Company Description:
L3Harris Technologies, Inc. is a technology-oriented aerospace and defense company that provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. The company was formed following the merger of Harris Corporation and L3 Technologies in June 2019.
Read More on LHX:
- L3Harris raises FY24 revenue view to $20.8B-$21.3B from $20.7B-$21.3B
- L3Harris raises FY24 adjusted EPS view to $12.70-$13.05 from $12.40-$12.80
- L3Harris Technologies reports Q1 adjusted EPS $3.06, consensus $2.90
- Notable companies reporting after market close
- L3Harris Technologies to cut 5% of workforce to save costs, Reuters reports
