A study of analyst recommendations at the major brokerages shows that
Investors are often keenly interested in knowing which companies are buying back their own stock, because companies often will only make such a move if they feel their stock is undervalued. L-3 Communications Holdings, Inc. is a company with strong buyback activity that is also considered a compelling buy by analysts; a bullish
Analysts studying companies buying back their own stock will also factor into their analysis that future earnings will now be spread over a smaller share count, thereby increasing the per-share earnings the remaining shares will enjoy, versus what that same number would have been absent the stock buyback activity.
According to the ETF Finder at ETFChannel.com, LLL makes up 4.06% of the PowerShares Aerospace & Defense Portfolio ETF (PPA) which is trading higher by about 0.3% on the day Friday.
LLL operates in the Aerospace & Defense sector, among companies like
LLL is currently trading up about 0.5% midday Friday.