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.
Investment analysts gave a few price targets for HAR. The highest price target was 112, implying potential capital gains of 0.9 percent. The minimum price target given was 60, which equates to a potential downside of -45.95 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.47 percent, as compared to a month ago. 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 made negative revisions to their fiscal year's 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, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of HAR is 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 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's next earnings release will be on 0000-00-00, which is days away.