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.
HRS was given price targets by several analysts. The most optimistic price target was 135, implying a possible profit of 18 percent. The lowest price target was 119, implying a possible loss of 4.01 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.34 percent. The average change in earnings estimates over the last 90 days is -5.99 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.09 percent, compared to last month. 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, while 0 analysts made negative revisions. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of HRS's earnings is estimated by analysts to be 36.62 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, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. HRS has a PEG ratio of 0.7.
In the trailing 52-weeks, HRS hit 116.09 at the highest peak, while it's lowest trading point was 85.41. Today's price is 33.95 percent above the 52-week low, and 1.45 percent below the 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 market cap of HRS is $13.88 billion. HRS is estimated to release their earnings results for the quarter on 0000-00-00, days from today.