Analyst Ratings for Harris Corp. (HRS)Updated: 2017-07-29
Shares of Harris Corp. (NYSE:HRS) have received a consensus rating of Buy from Wall Street analysts. A consensus rating of Buy was previously issued for HRS last month.
Of the 9 analysts covering the stock, 7 gave it a buy rating, 1 gave an overweight rating, 1 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for HRS by the analysts covering the stock. The most optimistic price target was 135, implying potential capital gains of 18 percent. The most pessimistic price target was 119, which equates to a potential downside of 4.01 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.34 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -5.99 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.09 percent. If we look at the last 90 days instead, we find a net average change of -0.71 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
HRS has an estimated earnings growth rate of 36.62 percent as forecasted by analysts. 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. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of HRS is 0.7.
HRS has a 52-week high of 116.09 and a 52-week low of 85.41. The current market price is above the trailing year's low by 33.95 percent, and below the high by 1.45 percent. HRS has a P/E ratio of 25.67. Investors typically compare the P/E ratio to a company's peers in the industry. The HRS value stock report compares HRS to some of its peers using value stock charts. The stock has a market capitalization of $13.88 billion. HRS's next earnings release will be on 0000-00-00, which is days away.