Harman International Industries PT Raised to $96.00 at Robert W. Baird (HAR)
Robert W. Baird boosted their price target on shares of Harman International Industries (NYSE:HAR) from $88.00 to $96.00 in a research note issued on Friday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 17.13% from the stock’s previous close.
Harman International Industries (NYSE:HAR) traded up 1.16% during mid-day trading on Friday, hitting $81.96. 1,595,193 shares of the company’s stock traded hands. Harman International Industries has a one year low of $36.92 and a one year high of $85.76. The stock has a 50-day moving average of $69.19 and a 200-day moving average of $58.98. The company has a market cap of $5.579 billion and a price-to-earnings ratio of 39.72.
Harman International Industries (NYSE:HAR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts predict that Harman International Industries will post $3.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 25th. Shareholders of record on Monday, November 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 6th.
A number of other firms have also recently commented on HAR. Analysts at JPMorgan Chase & Co. raised their price target on shares of Harman International Industries from $86.00 to $97.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $70.60.
Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems.