Harris Corp. Reaches New 12-Month High at $60.31 (HRS)
Harris Corp. (NYSE:HRS) set a new 52-week high during trading hours on Monday, Analyst Ratings Net reports. The company traded as high as $60.31 and last traded at $59.63, with a volume of 398,218 shares. The stock had previously closed at $59.50.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Harris Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 25th. They now have a $65.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Harris Corp. in a research note to investors on Wednesday, September 18th. They now have a $62.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Harris Corp. from $42.00 to $45.00 in a research note to investors on Thursday, August 1st. They now have an “underweight” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Harris Corp. currently has an average rating of “Hold” and an average target price of $54.60.
Harris Corp. has a 52 week low of $41.08 and a 52 week high of $60.31. The stock has a 50-day moving average of $58.64 and a 200-day moving average of $52.57. The company has a market cap of $6.374 billion and a P/E ratio of 60.59.
Harris Corp. (NYSE:HRS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.15 by $0.26. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts predict that Harris Corp. will post $4.74 earnings per share for the current fiscal year.
Harris Corporation (NYSE:HRS), together with its subsidiaries, is an international communications and information technology (IT) company serving government and commercial markets in more than 125 countries.
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