In the current market session, L3Harris Technologies Inc. LHX share price is at $213.79, after a 0.22% spike. Moreover, over the past month, the stock decreased by 13.18% , but in the past year, went up by 1.51% . Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. Comparing L3Harris Technologies P/E Against Its Peers The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. L3Harris Technologies has a lower P/E than the aggregate P/E of 71.42 of the Aerospace & Defense industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Life in our Foothills December 2024 – Art and Emotion – The Transformative Journey of Fernando PorrasTrump has promised again to release the last JFK files. But experts say don’t expect big revelations
Trump has promised again to release the last JFK files. But experts say don’t expect big revelations
Michigan Players Appear to Get Maced for Involvement in Ohio State BrawlMeta donates $1 million to Trump’s inauguration fund
Argan, Inc. Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share
PAY ATTENTION: Got a Minute? Complete Our Quick Survey About Legit.ng Today! The price of Arabica coffee hit the highest level since 1977 on Wednesday, approaching a record high as drought in top producer Brazil this year hits supplies. A pound (453.6 grams) of Arabica beans listed in New York struck 320.10 US cents, extending the commodity's rally over 2024. The all-time high is 337.50 US cents, seen in 1977. Brazil, the world's largest coffee producer, faced a record-breaking drought this year which has raised significant concerns for 2025/2026 crops amid already tight supplies. This is despite "significant rains" in October, leading to an "excellent flowering", according to Guilherme Morya, senior analyst at Rabobank. He added that farmers were selling less than was needed to meet demand. PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! Analysts said that price support came also from geopolitical factors such as disruptions to shipping in the Red Sea, potential US tariffs and future European Union regulation on deforestation. "It is clearer and clearer that this (supply situation) is going to have a significant impact on the consumer," John Plassard, senior asset specialist at Mirabaud group, told AFP. Read also Saudi 2025 budget sees lower deficit on spending trims Companies are preparing to negotiate their coffee contracts early next year, with food giants like Nestle set to pass on price increases to customers. The Swiss group announced this month that it would increase prices and reduce the size of its coffee bags to protect margins. Keep on buying In London , some coffee drinkers approached by AFP on Wednesday vowed to keep on buying their beans, but owing to recent price hikes added that they had already begun to buy fewer cups in cafes. "I've noticed that the prices have gone up," said Julie, 34, as she held a cup of coffee not long purchased from a coffee shop. "I prefer to buy packs and brew it at home. It's rare for me to buy it in the shop, but it used to be more frequent." Nicky, 26, said she was not ready to give up purchasing cups of coffee in stores. Read also Asian markets begin week on front foot, bitcoin rally stutters "I would still pay for it. Maybe that's me being financially reckless." She described coffee drinking as "a lifestyle, it's how people start their day". Vietnam has also faced supply concerns this year for its cheaper Robusta bean that is used for instant coffee, as the country faced dryness during the growing period. Robusta, listed in London, is trading at around $5,200 per tonne, after reaching a record price of $5,829 in mid-September. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: AFP
Photo: jaishankar To make presence felt in electronics, green energy Panaji: Amid the ongoing events in the state, good tidings are coming Goa’s way, with US Consul General in Mumbai Mike Hankey on Friday stating that American companies are eager to offer technologies to the industries in the state. “In the coming months, Goa will see enhanced business connections with the US. Corporate tie-ups, signing of MoUs and technology collaborations are on the cards for the state as US companies move to make their presence felt in Goa’s electronics and green energy industries,” said Hankey. “The industries in Goa offer a lot of opportunities for deeper economic ties with the US,” said Hankey, who visited the Confederation of Indian Industry (CII)-Goa office on Friday and met Goan businessmen to scout for trade opportunities. Stating that the innovation ecosystem in the state is advanced and ready to receive foreign investment, Hankey said, “There is a lot of research going on in institutions like BITS Pilani, Goa in areas like semi-conductors, clean energy and pharmaceuticals. The three industries are predominant in Goa and are the sectors where the US wants to partner with India.” The US Consul General said his country can offer technology in electric vehicles and cutting edge solutions in information technology. Further, he said the country is looking to drive a change in India’s supply chain that is presently dominated by China. Hankey visited Goa in view of the ongoing International Film Festival of India (IFFI) 2024 and the Exposition of the sacred relics of St Francis Xavier. Hankey said several US filmmakers are in Goa for the Film Bazaar. “They are reading scripts for web series. The next new web series could be the result of joint ventures between US and Indian filmmakers,” he said. Giving thumbs up to the inclusivity measures taken for the differently-abled at the Exposition, Hankey said, “The Goa Disability Commission has done groundbreaking work in providing electric wheel chairs and e-vehicles at the historic decennial event. It is another area where the US can help Goa,” he said. “US citizens will be arriving here to attend the Exposition; they are a part of the international visitors, who will be visiting the state,” he said. With the election of Donald Trump as the next president of America, change in the country’s administration will occur from January 20. “Each new administration in the US has always continued with student visas and trade relations. It has been the trend,” said Hankey. India has emerged as the top country, sending students to the US. Presently there are 3,30,000 Indian students studying in the US. “All the US embassies and the consulate offices are finding ways to hasten the processing of visa applications. We have deployed technology, commenced remote processing of applications and waived interviews for people who are renewing visas,” said Hankey.Liverpool beat holders Real Madrid with Aston Villa denied win against Juventus
NASSAU, Bahamas (AP) — Chucky Hepburn had 16 points, 10 assists and seven steals, Noah Waterman also had 16 points and Louisville beat No. 14 Indiana 89-61 on Wednesday in the opening game of the Battle 4 Atlantis. Louisville (4-1) beat a ranked team for the first time since topping Virginia Tech 73-71 on Jan. 6, 2021. Kasean Pryor scored 10 of his 14 points in the second half and Reyne Smith added 12 points for Louisville. Malik Reneau scored 21 points and Oumar Ballo added 11 for Indiana (4-1). Reneau reached 20-plus points for the eighth time in his career. The Cardinals led 37-29 at the break after making 7 of 17 from 3-point range and shooting 57% overall. Indiana missed six straight shots on two occasions in the first half, sandwiched around a string of seven missed field goals, as the Cardinals shot 9 of 29 (31%). Louisville exploded for 52 second-half points by shooting 66.7% from the field. Pryor missed only one of his six shots in the second half. Louisville quickly built a commanding lead in the second half after starting on an 11-2 run, highlighted by Pryor's fast-break dunk . The lead reached 30 on freshman Khani Rooths' alley-oop dunk that came during the Cardinals’ 16-0 run for a 78-40 lead. Louisville entered the week ranked sixth in the country in 3-point attempts per game at 34. The Cardinals attempted 27 against Indiana and made 10 of them — with four apiece from Waterman and Smith. Louisville also came into the game averaging 19 forced turnovers per game. The Cardinals scored 30 points off 23 Indiana turnovers. Louisville, which played its first road game of the season, faces West Virginia on Thursday. Indiana plays No. 3 Gonzaga in the consolation bracket. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball