L3 stock: buy or sell?

LLL stock price: $242.88 2.50% At close on May 21st, 2019

Updated on:
May 21st, 2019

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L3 Technologies shares touched new all time highs again today, setting highs to $243.09. Shares closed at $242.88 and jumped 2.50%.

L3 Technologies, Inc. provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally.

Should I buy L3 stock?

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Currently, 2 buy setups are elegible for L3 stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is L3 Technologies stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 5 ratings published for LLL stock in the last month.

The general sentiment of these ratings is bullish for LLL stock, with 5 positive ratings.
Is LLL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-5-2SunTrust Banksn/aBuy
2019-5-2Credit Suisse Groupn/aOutperform
2019-5-16Barclaysn/aOverweight
2019-1-29Cowenn/aBuy
2019-1-14CitigroupBuyBuy

L3 stock analysis

Daily outlook

L3 jumped 2.50% today to $242.88 after topping to all time highs today.

L3 jumped 2.50% today and set a new all time high at $243.09. Since last May/13 when SMA100d and SMA200d crossed up, LLL price gained $8.57 per share (3.66%). Since price and SMA200d lines crossed up on January, LLL climbed $60.23 (32.98%). From a daily perspective, LLL is in a short term uptrend after plotting its last bottom ($225.69, on May 6th) higher than the previous bottom, and its last top ($240.08, on Friday) also over the previous top. Now trading in between its last bottom and last top LLL might consolidate in a plain range, waiting to break out over $240.08 or down under $225.69.

LLL stock chart (daily)

Weekly outlook

L3 shares topped new all time highs back again this week, marking to $243.09. Shares ended at $242.88 and gained 2.29% during the week. This week was the fifth green week in a row. Late April LLL climbed an astounding 6.38% in just one week.

L3 Technologies is in a glaring downtrend, marking consecutive declining tops and bottoms. Now is trading in between the - range. There is an opportunity to rebound and reverse this situation if price can hold above the level. Early May, SMA20w and SMA40w crossed up triggering a rise of 5.94%. Since price and SMA40w lines crossed up late January, LLL climbed $59.80 (32.66%).

LLL stock chart (weekly)

L3 stock price history

L3 IPO was on May 19th, 1998 at $9.20 per share1. Since then, LLL stock grew a 2,540.00%, with a yearly average of 121.00%. If you had invested $1,000 in L3 stock in 1998, it would worth $25,400.00 today.

1: Adjusted price after possible price splits or reverse-splits.

L3 stock historical price chart

LLL stock reached all-time highs today with a price of $243.09.

L3 stock price target is $249.60

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 5 price predictions for L3 stock:
LLL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-5-2SunTrust BanksUpgradesn/a$265.00-
2019-5-2Credit Suisse GroupReiterates$232.00$258.0011.2%
2019-5-16BarclaysRaises Target$245.00$270.0010.2%
2019-1-29CowenReiteratesn/a$250.00-
2019-1-14CitigroupLowers Target$224.00$205.00-8.5%
(in average)$233.70$249.607.0%
Moving in a range from $270.00 and $205.00, the price forecast for LLL stock is $249.60. In average, analysts' outlook on LLL price target is positive, upgrading the prediction by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since Apr 29th, when L3 Technologies published its last earnings report, it rose a phenomenal 13.16%. As soon as we get its actual EPS from the earnings report, we will extend this report.
LLL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a2.66n/a
2017-Q3-n/a3.06n/a
2017-Q4-n/a2.09n/a
2018-Q12018-05-011.992.3417.6%
2018-Q22018-07-262.32.477.4%
2018-Q32018-10-152.852.850.0%
2018-Q42019-01-292.663.116.5%
2019-Q12019-04-292.5n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, L3 Technologies annual revenues escalated a pretty good 7.01% to $10,244.00 M USD from $9,573.00 marked in 2017. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) appreciated a 2.74% to 9.81%.

L3 presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, L3 TTM sales up to March 2019 were $10,573.00 and earnings $1,019.00 million USD. When comparing this TTM figures with the last reported annuality, we can esteem L3 Technologies business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, inched a beatiful 3.21%. By contrast, profit margin (net income/revenues) remained constant at 9.81%.

LLL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$12,630 M-$778 M6.2%-
2014$12,124 M-4.01%$664 M5.5%-14.65%
2015$10,466 M-13.68%$-240.00 M-2.3%-136.14%
2016$10,511 M0.43%$710 M6.8%-395.83%
2017$9,573 M-8.92%$677 M7.1%-4.65%
2018$10,244 M7.01%$1,005 M9.8%48.45%
TTM $10,573 M3.21%$1,019 M9.6%1.39%

Quarterly financial results

L3 reported $2,700.00 million in revenues for 2019-Q1, a -2.56% decline compared to previous quarter. Reported quarter income marked $217.00 M with a profit margin of 8.04%. Profit margin remained steady a -0.08% compared to previous quarter when profit margin was 8.12%. When comparing turnover to same quarter last year, L3 Technologies sales marked an outstanding growth and boosted a 13.88%.
LLL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,730 M-$202 M7.4%-
2017-Q3$2,650 M-2.93%$23 M0.9%-88.61%
2017-Q4$2,574 M-2.87%$289 M11.2%1,156.52%
2018-Q1$2,371 M-7.89%$203 M8.6%-29.76%
2018-Q2$2,583 M8.94%$375 M14.5%84.73%
2018-Q3$2,519 M-2.48%$202 M8.0%-46.13%
2018-Q4$2,771 M10.00%$225 M8.1%11.39%
2019-Q1$2,700 M-2.56%$217 M8.0%-3.56%

L3 ownership

When you are planning to buy a company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For L3 Technologies, 0.59% of all outstanding shares are owned by its staff.

Bearish positions for LLL stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

LLLCUBESPFLIRHON
Market cap$19.3 B$1.9 B$59.4 M$6.7 B$123.4 B
Total shares79.5 M31.2 M2.4 M135.4 M727.7 M
Float shares79.0 M29.0 M1.7 M134.3 M696.3 M
  - Institutional holdings (%)83.2%97.2%17.3%96.7%77.1%
  - Insider holdings (%)0.6%0.5%21.3%0.7%0.4%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

L3 summary

Tuesday, May 21st, 2019
Open$238.50
Close$242.88
Day range$238.51 - $243.09
Previous close$236.95
Session gain2.50%
Average true range$4.51
50d mov avg$217.21
100d mov avg$204.90
200d mov avg$201.74
Daily patternlt06a
Weekly pattern lt02a

L3 performance

To measure stock performance is always good to benchmark with competitors or related stocks. We compared L3 Technologies against Cubic, Espey Mfg. & Electronics, FLIR Systems, Honeywell International, Harris, ITT, Kratos Defense & Security Solutions, Northrop Grumman and Raytheon in the following table:
Stock3m6m12m
LLLL3 Technologies14.45%32.43%24.56%
CUBCubic-2.19%-4.36%-13.03%
ESPEspey Mfg. & Elec...-3.51%-8.16%-3.81%
FLIRFLIR Systems-5.57%9.14%-6.85%
HONHoneywell Interna...10.71%19.02%19.35%
HRSHarris11.22%27.09%22.20%
ITT 1.06%9.85%13.35%
KTOSKratos Defense & ...17.41%51.65%86.45%
NOCNorthrop Grumman8.96%19.04%-3.65%
RTNRaytheon-2.66%5.24%-12.79%

L3 competitors

One check before investing in any stock is to review a list of its competitors, in this case for L3 Technologies. We chose 9 companies as L3 Technologies competitors as they are in the same industry or have similar market objectives.

Latest L3 stock news