Robert W. Baird analyst Peter Arment maintained a Hold rating on L3Harris Technologies (NYSE:LHX) on Tuesday, setting a price target of $248, which is approximately 8.10% above the present share price of $229.41.
Arment expects L3Harris Technologies to post earnings per share (EPS) of $2.26 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in L3Harris Technologies, with an average price target of $257.33.
The analysts price targets range from a high of $292 to a low of $240.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $4.57 billion and a net profit of $553 million. The company's market cap is $47.03 billion.
According to TipRanks.com, Robert W. Baird analyst Peter Arment is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.2% and a 64.06% success rate.
L3Harris Technologies, Inc. is a technology-oriented aerospace and defense company that provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. The company was formed following the merger of Harris Corporation and L3 Technologies in June 2019.