Barclays Increases Harman International Industries Price Target to $86.00 (HAR)
Investment analysts at Barclays boosted their price objective on shares of Harman International Industries (NYSE:HAR) from $68.00 to $86.00 in a note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective indicates a potential upside of 4.93% from the stock’s previous close.
Shares of Harman International Industries (NYSE:HAR) traded down 0.57% on Monday, hitting $81.49. The stock had a trading volume of 440,300 shares. Harman International Industries has a 52-week low of $36.92 and a 52-week 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 $5.667 billion and a P/E ratio of 42.84.
Harman International Industries (NYSE:HAR) last released its earnings data on Thursday, October 31st. The company reported $0.95 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. Harman International Industries’s revenue was up 17.4% compared to the same quarter last year. Analysts expect that Harman International Industries will post $3.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 25th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, November 6th.
A number of other firms have also recently commented on HAR. Analysts at Robert W. Baird raised their price target on shares of Harman International Industries from $88.00 to $96.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Harman International Industries from $75.00 to $86.00 in a research note to investors on Monday, October 21st. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $74.20.
Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems.
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