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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

L3Harris Technologies (LHX-N) is a defense contractor that is currently trading at a low PE ratio of 14x for 2024, according to one expert. Another expert sees a potential for growth due to LHX's high-tech military products that the government desires, making it undervalued at a 15x PE ratio. Overall, the company is viewed positively for its position in the defense technology market.

Consensus
Positive
Valuation
Undervalued
BUY

Cheap at 14x PE 2024. A good defence contractor.

Technology
BUY

Is seeing an amazing decline. LHX makes exactly the high tech that the government wants all its military to adopt. At 15x PE, it's too cheap.

Technology
BUY
Many were betting against this, but they just beat their quarter. Those folks were wrong!
Technology
DON'T BUY
He's worried about the US defence budget. The company has momentum in the wake of its merger, but he wouldn't buy this. Buy Honeywell instead.
Technology
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Space payloads and systems are one of L3harris Technologies (LHX-N)' four businesses. Space accounts for roughly 25% of revenues which amounted to US$17 billion in 2019. LHX is also involved in surveillance technology, communications (like night vision goggles) and aviation systems. Think defence technology and electronic warfare. It reported its a mixed Q4 recently. Adjusted earnings were up from $2.85/share in Q4 2019 compared to $3.14 in Q4 2020, which barely beat the street's $3.10. Revenue of $$4.66 billion, however, missed the expected $4.89 billion. For 2021, LHX projects a $13.00 EPS and $18.9 billion in revenue. LHX already raised its dividend by 20% (currently stands at 1.92%) and launched $6 billion in share buybacks.
Technology
COMMENT
Many feel that defence stocks suffer if the Democrats are in the White House. In fact, the opposite is true.
Technology
BUY
A tech-savvy defence play. Both Democrats and Republicans love defence spending, and the Dems really like high-tech defence, so LHX will benefit under Biden. LHX reported a good quarter at the end of October, but sold off during the pre-election market slump. Still, the stock is down $40 from its highs. It has room to run.
Technology
DON'T BUY
A good portfolio here, but the problem is it's an industrial company and investors are shifting to cyclicals as this economy improves. He likes LHX's managers and can see growth, but it's not timely. It's not a cyclical where we should be shifting our money. This is defensive, great to be when an economy slows.
Technology
WEAK BUY
A fine defense electronics company exposed to cybersecurity which has enjoyed increased funding from Congress. But in America he prefers Northrop Grumman which has exposure to space and hypersonics, but no commercial exposure, though LHX has been selling down its commercial exposure. Overall, he likes LHX.
Technology
TOP PICK
It's a merger of L3 and Harris, and this should eliminate duplication in operating costs and inventories, and should expand margins. Product lines are centered in defence electronics, especially warfare and space. They also produce airport security (just announced they will sell this division and return value to shareholders). They do lots of share buybacks and they raise dividends. (Analysts’ price target is $252.23)
Technology
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L3Harris Technologies(LHX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for L3Harris Technologies is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

L3Harris Technologies(LHX-N) Frequently Asked Questions

What is L3Harris Technologies stock symbol?

L3Harris Technologies is a American stock, trading under the symbol LHX-N on the New York Stock Exchange (LHX). It is usually referred to as NYSE:LHX or LHX-N

Is L3Harris Technologies a buy or a sell?

In the last year, 2 stock analysts published opinions about LHX-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for L3Harris Technologies.

Is L3Harris Technologies a good investment or a top pick?

L3Harris Technologies was recommended as a Top Pick by on . Read the latest stock experts ratings for L3Harris Technologies.

Why is L3Harris Technologies stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is L3Harris Technologies worth watching?

2 stock analysts on Stockchase covered L3Harris Technologies In the last year. It is a trending stock that is worth watching.

What is L3Harris Technologies stock price?

On 2024-05-02, L3Harris Technologies (LHX-N) stock closed at a price of $211.12.