Harris Corp. (NYSE:HRS)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $85.14, but opened at $85.33. Harris Corp. shares last traded at $85.82, with a volume of 244,148 shares.

HRS has been the topic of a number of research reports. Zacks Investment Research lowered shares of Harris Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Goldman Sachs Group Inc. upped their target price on shares of Harris Corp. from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, April 12th. Citigroup Inc. initiated coverage on shares of Harris Corp. in a research report on Friday, June 10th. They set a “buy” rating and a $95.00 target price on the stock. Jefferies Group reiterated a “buy” rating on shares of Harris Corp. in a research report on Friday, June 10th. Finally, Drexel Hamilton reiterated a “buy” rating on shares of Harris Corp. in a research report on Friday, June 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $97.43.

The stock has a 50 day moving average of $82.02 and a 200 day moving average of $79.99. The company has a market capitalization of $10.64 billion and a P/E ratio of 96.68.

Harris Corp. (NYSE:HRS) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. During the same period last year, the firm posted $1.32 earnings per share. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.92 billion. The company’s revenue for the quarter was up 60.8% compared to the same quarter last year. On average, analysts expect that Harris Corp. will post $5.69 EPS for the current fiscal year.

In related news, SVP Dana A. Mehnert sold 6,600 shares of Harris Corp. stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $82.03, for a total transaction of $541,398.00. Following the sale, the senior vice president now directly owns 69,065 shares in the company, valued at approximately $5,665,401.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of large investors have bought and sold shares of HRS. Advantus Capital Management Inc increased its stake in Harris Corp. by 3.0% in the fourth quarter. Advantus Capital Management Inc now owns 11,959 shares of the company’s stock valued at $1,039,000 after buying an additional 350 shares in the last quarter. Deimos Asset Management LLC acquired a new stake in Harris Corp. during the fourth quarter valued at approximately $1,199,000. Strs Ohio increased its stake in Harris Corp. by 28.6% in the fourth quarter. Strs Ohio now owns 16,475 shares of the company’s stock valued at $1,431,000 after buying an additional 3,660 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Harris Corp. by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 16,498 shares of the company’s stock valued at $1,434,000 after buying an additional 910 shares in the last quarter. Finally, BOKF NA increased its stake in Harris Corp. by 6.2% in the fourth quarter. BOKF NA now owns 17,345 shares of the company’s stock valued at $1,507,000 after buying an additional 1,014 shares in the last quarter.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis.

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