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L3Harris Technologies (LHX-N)
NYSE:LHX
212.14
0.96
(0.45%) 1d
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L3Harris Technologies (LHX) is facing current weakness in its stock performance, particularly due to concerns surrounding potential government shutdowns, which could lead to budget cuts in the defense sector. Analysts have pointed out that initiatives such as the 'Department Of Government Efficiency' introduced during the Trump administration may lead to reduced military spending and consequently affect contractors like LHX. Despite these challenges, there remains a degree of optimism about the company's prospects, with analysts highlighting possible margin expansion in the coming years. The stock is primarily involved in defense technology, including tactical radios and aerospace, positioning it favorably among ETFs in this sector. With a current yield of 1.9% and a projected price target of $248.82, some analysts suggest purchasing shares at various price levels, indicating potential for growth in the future.
The defence department is a natural place to cut back when there's a threat of a shutdown of the federal government. Hence, the current weakness in this stock.
It is mainly (probably) Trump related. His 'Department Of Government Efficiency' is deisgned to cut costs and unnecessary spending in the government. This includes military spending and the money allocated towards contractors such as LHX. Whether this will actually a meaningful is unclear. We think LHX looks good however, and analysts have been bullish on margin expansion in future years.
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Another Trump-tech trade. Defense technology provider. From tactical radios to applications to hardware. Also involved in space and aerospace, and you'll find that LHX is the leader in ETFs that cover that sector. 12-month price target of $273. Buy a third here around $240, add in the mid-$220s, and again at the $215 level. Reports next week. Yield is 1.9%.
(Analysts’ price target is $248.82)Cheap at 14x PE 2024. A good defence contractor.
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.
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L3Harris Technologies(LHX-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
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, 1 stock analyst published opinions about LHX-N. 1 analyst 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?
1 stock analyst 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 2025-03-14, L3Harris Technologies (LHX-N) stock closed at a price of $212.14.
