L3harris Technologies Stock Buy Hold or Sell Recommendation
| LHX Stock | USD 245.33 0.25 0.10% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding L3Harris Technologies is 'Strong Buy'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell L3Harris Technologies given historical horizon and risk tolerance towards L3Harris Technologies. When Macroaxis issues a 'buy' or 'sell' recommendation for L3Harris Technologies, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out L3Harris Technologies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide. In addition, we conduct extensive research on individual companies such as L3Harris and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
L3Harris |
Execute L3Harris Technologies Buy or Sell Advice
The L3Harris recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on L3Harris Technologies. Macroaxis does not own or have any residual interests in L3Harris Technologies or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute L3Harris Technologies' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
L3Harris Technologies Trading Alerts and Improvement Suggestions
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from aol.com: Pod Save America host and NY Times reporter trade barbs in online spat over Harris campaign interview |
L3Harris Technologies current analysts advice
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. L3Harris analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. L3Harris analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Average Consensus Strong Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.
L3Harris Technologies Returns Distribution Density
The distribution of L3Harris Technologies' historical returns is an attempt to chart the uncertainty of L3Harris Technologies' future price movements. The chart of the probability distribution of L3Harris Technologies daily returns describes the distribution of returns around its average expected value. We use L3Harris Technologies price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of L3Harris Technologies returns is essential to provide solid investment advice for L3Harris Technologies.
| Mean Return | 0.12 | Value At Risk | -1.78 | Potential Upside | 2.19 | Standard Deviation | 1.35 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of L3Harris Technologies historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
L3Harris Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as L3Harris Technologies, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading L3Harris Technologies back and forth among themselves.
| Shares | Fmr Inc | 2024-09-30 | 2 M | Allspring Global Investments Holdings, Llc | 2024-06-30 | 2 M | Hhg Plc | 2024-06-30 | 2 M | Ameriprise Financial Inc | 2024-06-30 | 1.8 M | Bank Of America Corp | 2024-06-30 | 1.7 M | Massachusetts Financial Services Company | 2024-09-30 | 1.5 M | Amvescap Plc. | 2024-06-30 | 1.5 M | Northern Trust Corp | 2024-09-30 | 1.5 M | Diamond Hill Capital Management Inc | 2024-09-30 | 1.5 M | Vanguard Group Inc | 2024-09-30 | 22.9 M | Blackrock Inc | 2024-06-30 | 17.4 M |
L3Harris Technologies Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 158M | 60M | (68M) | (310M) | (182M) | (172.9M) | |
| Change In Cash | 536M | 452M | (335M) | (61M) | (320M) | (304M) | |
| Free Cash Flow | 766M | 2.4B | 2.4B | 1.9B | 1.6B | 1.7B | |
| Depreciation | 894M | 1.0B | 967M | 938M | 1.2B | 1.2B | |
| Other Non Cash Items | (21M) | 696M | (316M) | 340M | 121M | 127.1M | |
| Dividends Paid | 337M | 725M | 817M | 864M | (868M) | (824.6M) | |
| Capital Expenditures | 173M | 368M | 335M | 252M | 449M | 471.5M | |
| Net Income | 1.6B | 1.1B | 1.8B | 1.1B | 1.2B | 1.3B | |
| End Period Cash Flow | 824M | 1.3B | 941M | 880M | 560M | 390.6M | |
| Change Receivables | 111M | (112M) | 9M | (250M) | (225M) | (213.8M) | |
| Change To Netincome | (21M) | 55M | 673M | (252M) | (226.8M) | (215.5M) | |
| Investments | (159M) | 751M | 1.4B | (250M) | (7.0B) | (6.7B) | |
| Net Borrowings | (271M) | (281M) | (143M) | (7M) | (6.3M) | (6.0M) |
L3Harris Technologies Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to L3Harris Technologies or Aerospace & Defense sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that L3Harris Technologies' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a L3Harris stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 1.37 | |
Ir | Information ratio | -0.0031 |
L3Harris Technologies Volatility Alert
L3Harris Technologies has relatively low volatility with skewness of -0.63 and kurtosis of 3.11. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure L3Harris Technologies' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact L3Harris Technologies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.L3Harris Technologies Fundamentals Vs Peers
Comparing L3Harris Technologies' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze L3Harris Technologies' direct or indirect competition across all of the common fundamentals between L3Harris Technologies and the related equities. This way, we can detect undervalued stocks with similar characteristics as L3Harris Technologies or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of L3Harris Technologies' fundamental indicators could also be used in its relative valuation, which is a method of valuing L3Harris Technologies by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare L3Harris Technologies to competition |
| Fundamentals | L3Harris Technologies | Peer Average |
| Return On Equity | 0.0626 | -0.31 |
| Return On Asset | 0.0355 | -0.14 |
| Profit Margin | 0.06 % | (1.27) % |
| Operating Margin | 0.1 % | (5.51) % |
| Current Valuation | 58.9 B | 16.62 B |
| Shares Outstanding | 189.67 M | 571.82 M |
| Shares Owned By Insiders | 0.32 % | 10.09 % |
| Shares Owned By Institutions | 85.93 % | 39.21 % |
| Number Of Shares Shorted | 1.9 M | 4.71 M |
| Price To Earning | 39.56 X | 28.72 X |
| Price To Book | 2.45 X | 9.51 X |
| Price To Sales | 2.20 X | 11.42 X |
| Revenue | 19.42 B | 9.43 B |
| Gross Profit | 4.93 B | 27.38 B |
| EBITDA | 2.93 B | 3.9 B |
| Net Income | 1.23 B | 570.98 M |
| Cash And Equivalents | 941 M | 2.7 B |
| Cash Per Share | 2.78 X | 5.01 X |
| Total Debt | 13.95 B | 5.32 B |
| Debt To Equity | 0.42 % | 48.70 % |
| Current Ratio | 1.10 X | 2.16 X |
| Book Value Per Share | 100.23 X | 1.93 K |
| Cash Flow From Operations | 2.1 B | 971.22 M |
| Short Ratio | 2.25 X | 4.00 X |
| Earnings Per Share | 6.33 X | 3.12 X |
| Price To Earnings To Growth | 0.94 X | 4.89 X |
| Target Price | 279.14 | |
| Number Of Employees | 50 K | 18.84 K |
| Beta | 0.73 | -0.15 |
| Market Capitalization | 46.53 B | 19.03 B |
| Total Asset | 41.69 B | 29.47 B |
| Retained Earnings | 3.22 B | 9.33 B |
| Working Capital | 51 M | 1.48 B |
Note: Disposition of 2362 shares by Christoph Feddersen of L3Harris Technologies subject to Rule 16b-3 [view details]
L3Harris Technologies Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as L3Harris . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About L3Harris Technologies Buy or Sell Advice
When is the right time to buy or sell L3Harris Technologies? Buying financial instruments such as L3Harris Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for L3Harris Stock Analysis
When running L3Harris Technologies' price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.