Jefferies Maintains a 'Hold' on L-3 Communications (LLL); Updating Estimates on Thales Acquisition
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Price: $86.76 +1.41%
Rating Summary:
1 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
1 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade LLL Now!
Jefferies maintains a 'Hold' on L-3 Communications (NYSE: LLL) price target of $78.00.
Analyst, Howard A. Rubel, said, "Thales' Civil Aircraft Simulation & Training offers commercial flight simulation solutions. Its customer reach includes an installed base of 540 simulators. The business offers a variety of flight training services including pilot training, solutions to accommodate regulatory requirements, and upgrade capabilities. The global commercial and military flight simulation market is approximately $8B with major competitors including Rockwell Collins (NYSE: COL), CAE (NYSE: CAE), Cubic (NYSE: CUB), and FlightsSafety, a unit of Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B)."
"Given the complementary nature of the acquisition, the ability to orchestrate an effective consolidation of the operations and tax efficient nature of the transaction, we could see the deal adding around $0.10 to 2013 results. Our 2012 EPS estimates remain unchanged. Our 2013 EPS is boosted a bit to $8.65 from $8.55." (FY14 EPS estimate established at $9.90)
For an analyst ratings summary and ratings history on L-3 Communications click here. For more ratings news on L-3 Communications click here.
Shares of L-3 Communications closed at $68.74 yesterday, with a 52 week range of $58.30-$74.79.
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Analyst, Howard A. Rubel, said, "Thales' Civil Aircraft Simulation & Training offers commercial flight simulation solutions. Its customer reach includes an installed base of 540 simulators. The business offers a variety of flight training services including pilot training, solutions to accommodate regulatory requirements, and upgrade capabilities. The global commercial and military flight simulation market is approximately $8B with major competitors including Rockwell Collins (NYSE: COL), CAE (NYSE: CAE), Cubic (NYSE: CUB), and FlightsSafety, a unit of Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B)."
"Given the complementary nature of the acquisition, the ability to orchestrate an effective consolidation of the operations and tax efficient nature of the transaction, we could see the deal adding around $0.10 to 2013 results. Our 2012 EPS estimates remain unchanged. Our 2013 EPS is boosted a bit to $8.65 from $8.55." (FY14 EPS estimate established at $9.90)
For an analyst ratings summary and ratings history on L-3 Communications click here. For more ratings news on L-3 Communications click here.
Shares of L-3 Communications closed at $68.74 yesterday, with a 52 week range of $58.30-$74.79.
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Warren Buffett, Jefferies & Co
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