L3Harris Stock Buy Hold or Sell Recommendation

LHX -  USA Stock  

USD 236.65  1.01  0.42%

Considering the 90-day investment horizon and complete risk avoidance on your part, our recommendation regarding L3Harris Technologies is 'Hold'. Macroaxis provides L3Harris Technologies buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding LHX positions. The advice algorithm takes into account all of L3Harris Technologies' available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from L3Harris Technologies' buy-and-hold perspective. Additionally, see 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. We conduct extensive research on individual companies such as L3Harris and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards L3Harris Technologies.

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

Execute Advice
Sell L3Harris TechnologiesBuy L3Harris Technologies
Hold

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

UndervaluedDetails

Odds of Distress

LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon L3Harris Technologies has a Mean Deviation of 1.56, Semi Deviation of 1.93, Standard Deviation of 2.16, Variance of 4.65, Downside Variance of 4.32 and Semi Variance of 3.74
Macroaxis provides trade recommendations on L3Harris Technologies to complement and cross-verify current analyst consensus on L3Harris Technologies. Our advice engine determines the company's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure L3Harris Technologies is not overpriced, please verify all L3Harris Technologies fundamentals, including its price to book, cash flow from operations, z score, as well as the relationship between the cash and equivalents and market capitalization . Given that L3Harris Technologies has a price to earning of 30.53 X, we recommend you to check L3Harris Technologies market performance and probability of bankruptcy to ensure the company can sustain itself in the coming quarters given your last-minute risk tolerance and investing horizon.

L3Harris Technologies Trading Alerts and Improvement Suggestions

L3Harris Technologies was previously known as L3HARRIS TECHNOLOGIES INC and was traded on New York Stock Exchange under the symbol HRS.
Over 81.0% of the company shares are owned by institutional investors
Latest headline from www.benzinga.com: US DoD Picks L3Harris For Artificial Intelligence Services - Benzinga - Benzinga

L3Harris Technologies Returns Distribution Density

The distribution of L3Harris Technologies' historical returns is an attempt to chart the future uncertainty of L3Harris Technologies' future price movements. The chart of the probability distribution of L3Harris Technologies stock 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 stock.
Mean Return0.16Value At Risk-3.26
Potential Upside3.20Standard Deviation2.16
 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 is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading L3Harris Technologies backward and forwards among themselves. L3Harris Technologies' institutional investor refers to the entity that pools money to purchase L3Harris Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Vanguard Group IncCommon Shares17 M4.2 B
Capital World InvestorsCommon Shares15 M3.7 B
Blackrock IncCommon Shares12.5 M3.1 B
State Street CorpCommon Shares8.9 M2.2 B
Bank Of America CorpCommon SharesMB
Price T Rowe Associates IncCommon Shares7.4 M1.8 B
Wellington Management Group LlpCommon Shares5.5 M1.4 B
Note, although L3Harris Technologies' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

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 Industrials 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 stock's 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
0.17
β
Beta against DOW0.17
σ
Overall volatility
2.07
Ir
Information ratio 0.12

L3Harris Technologies Volatility Alert

L3Harris Technologies currently demonstrates below-average downside deviation. It has Information Ratio of 0.12 and Jensen Alpha of 0.17. However, we advise investors to further question L3Harris Technologies expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. 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 bullying 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 stocks as prices fall.

L3Harris Technologies Implied Volatility

L3Harris Technologies' implied volatility exposes the market's sentiment of L3Harris Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if L3Harris Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that L3Harris Technologies stock will not fluctuate a lot when L3Harris Technologies' options are near their expiration.

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
FundamentalsL3Harris TechnologiesPeer Average
Return On Equity9.29 %(0.31) %
Return On Asset4.60 %(0.14) %
Profit Margin10.68 %(1.27) %
Operating Margin20.52 %(5.51) %
Current Valuation52.34 B16.62 B
Shares Outstanding196.22 M571.82 M
Shares Owned by Insiders0.33 %10.09 %
Shares Owned by Institutions80.63 %39.21 %
Number of Shares Shorted2.39 M4.71 M
Price to Earning30.53 X28.72 X
Price to Book2.32 X9.51 X
Price to Sales2.59 X11.42 X
Revenue17.35 B9.43 B
Gross Profit5.38 B27.38 B
EBITDA3.56 B3.9 B
Net Income1.85 B570.98 M
Cash and Equivalents402 M2.7 B
Cash per Share2.08 X5.01 X
Total Debt7.84 B5.32 B
Debt to Equity0.40 %48.70 %
Current Ratio1.32 X2.16 X
Book Value Per Share99.01 X1.93 K
Cash Flow from Operations2.06 B971.22 M
Short Ratio2.23 X4.00 X
Earnings Per Share7.51 X3.12 X
Price to Earnings To Growth0.45 X4.89 X
Number of Employees47 K18.84 K
Beta0.76-0.15
Market Capitalization45.01 B19.03 B
Total Asset5.24 B29.47 B
Retained Earnings1.57 B9.33 B
Working Capital872.33 M1.48 B
Current Asset2.33 B9.34 B
   Acquisition by Roger Fradin of 685 shares 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.
Accumulation Distribution9361.12
Daily Balance Of Power(0.33)
Rate Of Daily Change1.0
Day Median Price237.39
Day Typical Price237.14
Market Facilitation Index0.0
Price Action Indicator(1.24)

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 stock 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. Although L3Harris Technologies investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2010 2021 2022 (projected)
Current Assets6.67 B6.36 B5.16 B
Total Assets36.96 B34.71 B37.45 B

Use Investing Ideas to Build Portfolios

In addition to having L3Harris Technologies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Corporate Bonds Thematic Idea Now

Corporate Bonds
Corporate Bonds Theme
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds theme has 40 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corporate Bonds Theme or any other thematic opportunities.
View All  Next Launch Corporate Bonds
Additionally, see 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. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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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 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.
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Is L3Harris Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.