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.
Many analysts weighed in on price targets for HRS. The most optimistic analyst gave a price target of 135, implying a possible profit of 18 percent. The most pessimistic analyst gave a price target of 119, implying potential capital losses 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.34 percent. That number becomes -5.99 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
People are often interested in whether analysts were united in the direction of their 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. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
The growth rate of HRS's earnings is estimated by analysts to be 36.62 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of HRS is 0.7.
HRS has traded between a high of 116.09 and a low of 85.41 over the past year. Today's price is 33.95 percent above the 52-week low, and 1.45 percent lower than its 52-week high. HRS has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.