Analyst Ratings for Harman International Industries Inc (HAR)Updated: 2017-02-12
Harman International Industries Inc (NYSE:HAR) was awarded an average rating of Hold from investment analysts following the stock. A consensus rating of Hold was previously issued for HAR last month.
A buy rating was issued by 1 analysts, 1 gave an overweight rating, 11 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an decrease of 9 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for HAR. The most optimistic analyst gave a price target of 112, implying a possible profit of 0.9 percent. The most pessimistic analyst gave a price target of 60, implying potential capital losses of -45.95 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.32 percent. That number becomes -0.32 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.47 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.83 percent.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts made negative revisions. Also over the last month, 6 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of HAR to grow at a rate of 44.06 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. HAR has a PEG ratio of 0.5.
In the trailing 52-weeks, HAR hit 111.40 at the highest peak, while it's lowest trading point was 64.93. The current market price is above the trailing year's low by 70.95 percent, and below the high by 0.36 percent. HAR has a price/earnings ratio of 21.94. Investors typically compare the P/E ratio to a company's peers in the industry. The HAR value stock report compares HAR to some of its peers using value stock charts. The market cap of HAR is $7.75 billion. HAR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.