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.
Several price targets were given for HAR by the analysts covering the stock. The maximum price target given was 112, implying a possible profit of 0.9 percent. The most pessimistic price target was 60, which equates to a potential downside 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.32 percent. Meanwhile, fiscal year estimates have been revised upwards by 2.47 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 2.83 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 4 analysts made negative revisions. Over the same time period, 6 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.
HAR has an estimated earnings growth rate of 44.06 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of HAR is 0.5.
HAR has traded between a high of 111.40 and a low of 64.93 over the past year. Today's price is 70.95 percent above the 52-week low, and 0.36 percent below the high. 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 stock has a market capitalization of $7.75 billion. HAR will post this quarters earnings in days, on 0000-00-00.