L3Harris Technologies Stock Target Price and Analyst Consensus

LHX
 Stock
  

USD 243.24  1.54  0.64%   

The current analyst and expert consensus on L3Harris Technologies is Buy with 4 hold recommendations. The current projected L3Harris Technologies target price consensus is 250.79 with 14 analyst opinions. One of the most common ways L3Harris Technologies analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to L3Harris Technologies vendors, executives, and/or customers. L3Harris Technologies recommendation module provides expert sentiment on the projected L3Harris Technologies target price to derive its highest and lowest estimates based on target price standard deviation of 13.923. Additionally, see Macroaxis Advice on L3Harris Technologies to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
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Gross Profit is likely to drop to about 4.3 B in 2022. Profit Margin is likely to drop to 0.10 in 2022.

L3Harris Technologies Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. L3Harris target price is determined by taking all analyst projections and averaging them out. 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 target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Number of Opinions12
Lowered Outlook0
Raized Outlook0
Buy
Most L3Harris analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand L3Harris stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of L3Harris Technologies, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

L3Harris Technologies Target Price Projection

L3Harris Technologies' current and average target prices are 243.24 and 250.78, respectively. The current price of L3Harris Technologies is the price at which L3Harris Technologies is currently trading. On the other hand, L3Harris Technologies' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

L3Harris Technologies Market Quote on 5th of July 2022

Low Price238.55Odds
High Price244.64Odds

243.24

Target Price

Analyst Consensus On L3Harris Technologies Target Price

Low Estimate225.0Odds
High Estimate270.0Odds
Number of Analysts14
Standard Deviation13.923

250.785

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on L3Harris Technologies and the information provided on this page.

L3Harris Technologies Analyst Ratings

L3Harris Technologies' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about L3Harris Technologies stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of L3Harris Technologies' financials, market performance, and future outlook by experienced professionals. L3Harris Technologies' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About L3Harris Technologies Target Price Projections

L3Harris Technologies's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as L3Harris Technologies and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of L3Harris depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for L3Harris Technologies including analysis of its current option contracts.
L3Harris Technologies' latest option contracts expiring on 2022-07-15 are carrying combined implied volatility of 16.95 with a put-to-call open interest ratio of 0.17 over 66 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2022-07-15. The current put volume is at 37, with calls trading at the volume of 61. This yields a 0.61 put-to-call volume ratio. The L3Harris Technologies option chain provides detailed quote and price information for the current L3Harris Technologies option contracts. It shows all of L3Harris Technologies' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-07-15 Option Contracts

L3Harris Technologies option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in L3Harris Technologies' lending market. For example, when L3Harris Technologies' puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on L3Harris Technologies, he or she must hedge the risk by shorting L3Harris Technologies stock over its option's life.
The chart above shows L3Harris Technologies' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. L3Harris Technologies' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for L3Harris Technologies' option, there is no secondary market available for investors to trade.

L3Harris Technologies Maximum Pain Price across 2022-07-15 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as L3Harris Technologies close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
L3Harris Technologies' stock options are financial instruments that give investors the right to buy or sell shares of L3Harris Technologies common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell L3Harris stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If L3Harris Technologies' stock price goes up or down, the stock options follow.
Additionally, see Macroaxis Advice on L3Harris Technologies to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

L3Harris Technologies In The Money Call Balance

When L3Harris Technologies' strike price is surpassing the current stock price, the option contract against L3Harris Technologies stock is said to be in the money. When it comes to buying L3Harris Technologies' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' options written on L3Harris Technologies are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

L3Harris Current Options Market Mood

L3Harris Technologies' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps L3Harris Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of L3Harris Technologies' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. L3Harris Technologies' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current L3Harris Technologies' option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional L3Harris Technologies Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of L3Harris Technologies is a key component of L3Harris Technologies valuation and have some predictive power on the future returns of a L3Harris Technologies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of L3Harris Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of L3Harris Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
241.94243.40244.86
Details
Intrinsic
Valuation
LowReal ValueHigh
218.92246.37247.83
Details
Naive
Forecast
LowNext ValueHigh
253.99255.45256.92
Details
Earnings
Estimates (8)
LowProjected EPSHigh
12.8412.9213.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as L3Harris Technologies. Your research has to be compared to or analyzed against L3Harris Technologies' peers to derive any actionable benefits. When done correctly, L3Harris Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in L3Harris Technologies.

Additional L3Harris Technologies Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of L3Harris Technologies is a key component of L3Harris Technologies valuation and have some predictive power on the future returns of a L3Harris Technologies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of L3Harris Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of L3Harris Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
241.94243.40244.86
Details
Intrinsic
Valuation
LowReal ValueHigh
218.92246.37247.83
Details
Naive
Forecast
LowNext ValueHigh
253.99255.45256.92
Details
Earnings
Estimates (8)
LowProjected EPSHigh
12.8412.9213.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as L3Harris Technologies. Your research has to be compared to or analyzed against L3Harris Technologies' peers to derive any actionable benefits. When done correctly, L3Harris Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in L3Harris Technologies.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Impulse
Invested few shares
Macroaxis Index
Invested over 200 shares
Baby Boomer Prospects
Invested over 90 shares
Additionally, see Macroaxis Advice on L3Harris Technologies to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. 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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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The data published in L3Harris Technologies' official financial statements usually reflect L3Harris Technologies' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of L3Harris Technologies. For example, before you start analyzing numbers published by L3Harris accountants, it's critical to develop an understanding of what L3Harris Technologies' liquidity, profitability, and earnings quality are in the context of the Industrials space in which it operates.
Please note, the presentation of L3Harris Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, L3Harris Technologies' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in L3Harris Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of L3Harris Technologies. Please utilize our Beneish M Score to check the likelihood of L3Harris Technologies' management to manipulate its earnings.