Harris Corp. Sets New 1-Year High at $70.85 (HRS)
Harris Corp. (NYSE:HRS) set a new 52-week high during mid-day trading on Friday, Analyst Ratings News reports. The stock traded as high as $70.85 and last traded at $70.55, with a volume of 365,717 shares. The stock had previously closed at $70.59.
HRS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Harris Corp. in a research note to investors on Thursday, December 19th. They now have a $71.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Harris Corp. from $65.00 to $68.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Harris Corp. from $50.00 to $49.00 in a research note to investors on Wednesday, October 30th. They now have an “underweight” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $59.20.
Harris Corp. has a 52-week low of $41.08 and a 52-week high of $70.73. The stock’s 50-day moving average is $67.59 and its 200-day moving average is $60.. The company has a market cap of $7.539 billion and a P/E ratio of 24.23.
Harris Corp. (NYSE:HRS) last announced its earnings results on Tuesday, October 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.05. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Analysts expect that Harris Corp. will post $4.81 EPS 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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