Raymond James analyst Brian Gesuale reiterated a Buy rating on L3Harris Technologies (NYSE:LHX) on Monday, setting a price target of $200, which is approximately 16.61% above the present share price of $171.51.
Gesuale expects L3Harris Technologies to post earnings per share (EPS) of $2.00 for the first quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in L3Harris Technologies, with an average price target of $215.89.
The analysts price targets range from a high of $235 to a low of $200.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $4.46 billion and a net profit of $494 million. The company's market cap is $36.04 billion.
According to TipRanks.com, Raymond James analyst Brian Gesuale is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.4% and a 73.58% 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.