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 most optimistic analyst gave a price target of 135, implying a possible profit of 18 percent. The lowest 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.
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. Meanwhile, fiscal year estimates have been revised upwards by 0.09 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.71 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 1 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
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, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. The current market price is above the trailing year's low by 33.95 percent, and 1.45 percent below the high. 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's next earnings release will be on 0000-00-00, which is days away.