Cowen & Co. analyst Gautam Khanna maintained a Buy rating on L3Harris Technologies (NYSE:LHX) Inc on Friday, setting a price target of $240, which is approximately 35.40% above the present share price of $177.25.
Khanna expects L3Harris Technologies Inc to post earnings per share (EPS) of $1.00 for the second quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in L3Harris Technologies, with an average price target of $236.62.
The analysts price targets range from a high of $260 to a low of $219.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.63 billion and a net profit of $513 million. The company's market cap is $36.32 billion.
According to TipRanks.com, Cowen & Co. analyst Gautam Khanna is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.1% and a 60.22% success rate.
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. The Integrated Mission Systems segment include intelligence, surveillance, and reconnaissance; advanced electro optical and infrared; and maritime power and navigation. The Space and Airborne Systems segment comprises space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare. The Communication Systems segment consists tactical communications; broadband communications; L3's night vision; and public safety. The Aviation Systems segment compose defense aviation products; security, detection and other commercial aviation products; air traffic management; and commercial and military pilot training. The company was founded in 2019 and is headquartered in Melbourne, FL.