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.
A number of analysts gave price targets for HRS. The maximum price target given was 135, which equates to a potential upside of 18 percent. The most pessimistic price target was 119, which equates to a potential downside of 4.01 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.34 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.
People are often interested in whether analysts were united in the direction of their revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
HRS has an estimated earnings growth rate of 36.62 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, 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. 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. 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 market cap of HRS is $13.88 billion. HRS will post this quarters earnings in days, on 0000-00-00.