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 highest price target was 112, implying a possible profit of 0.9 percent. The lowest price target was 60, implying potential capital losses of -45.95 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.32 percent. The average change in earnings estimates over the last 90 days is -0.32 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 2.47 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
The growth rate of HAR's earnings is estimated by analysts to be 44.06 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. HAR has a PEG ratio of 0.5.
HAR has traded between a high of 111.40 and a low of 64.93 over the past year. The current market price is above the trailing year's low by 70.95 percent, and 0.36 percent below the high. HAR has a P/E 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's next earnings release will be on 0000-00-00, which is days away.