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.
Many analysts weighed in on price targets for HAR. The most optimistic price target 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. 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.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.32 percent on average, compared to last month. 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. 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 made negative revisions. Also over the last month, 6 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.
Analysts estimate earnings of HAR to grow at a rate of 44.06 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. HAR has a PEG ratio of 0.5.
HAR has a 52-week high of 111.40 and a 52-week low of 64.93. Currently the stock is 70.95 percent higher than its low, and below the high by 0.36 percent. 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 will post this quarters earnings in days, on 0000-00-00.