Harman International Industries Inc./DE/ Hits New 52-Week High at $115.79 (HAR)
Harman International Industries Inc./DE/ (NYSE:HAR) shares reached a new 52-week high during trading on Friday , Stock Ratings Network reports. The company traded as high as $115.79 and last traded at $115.30, with a volume of 411,559 shares trading hands. The stock had previously closed at $113.27.
A number of research firms have recently commented on HAR. Analysts at Morgan Stanley raised their price target on shares of Harman International Industries Inc./DE/ from $44.00 to $45.00 in a research note on Monday, May 5th. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Harman International Industries Inc./DE/ in a research note on Friday, May 2nd. They now have a $128.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Harman International Industries Inc./DE/ from $121.00 to $132.00 in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Harman International Industries Inc./DE/ presently has an average rating of “Buy” and an average price target of $115.97.
The stock has a 50-day moving average of $107.0 and a 200-day moving average of $102.5. The company has a market cap of $7.948 billion and a P/E ratio of 40.30.
Harman International Industries Inc./DE/ (NYSE:HAR) last announced its earnings results on Thursday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. Analysts expect that Harman International Industries Inc./DE/ will post $4.37 EPS for the current fiscal year.
Harman International Industries, Incorporated (NYSE:HAR) is engaged in the developing, manufacturing and marketing of audio products and electronic systems.
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