Harris Co. (NYSE:HRS) has been given a consensus recommendation of “Buy” by the ten analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $185.88.

HRS has been the topic of a number of analyst reports. Credit Suisse Group lifted their price target on Harris from $190.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, October 15th. Raymond James lifted their price target on Harris from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, October 16th. Barclays upgraded Harris from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $189.00 to $181.00 in a research note on Tuesday, November 13th. ValuEngine downgraded Harris from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, Zacks Investment Research downgraded Harris from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd.

Shares of HRS stock opened at $155.22 on Wednesday. Harris has a twelve month low of $123.24 and a twelve month high of $175.50. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 20.68 and a beta of 1.17. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05.

Harris (NYSE:HRS) last announced its earnings results on Tuesday, January 29th. The communications equipment provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.05. Harris had a return on equity of 26.39% and a net margin of 12.20%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business posted $1.67 EPS. The company’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts expect that Harris will post 7.86 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Harris by 5,847.4% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 318,898 shares of the communications equipment provider’s stock worth $53,961,000 after purchasing an additional 313,536 shares during the last quarter. Franklin Resources Inc. raised its holdings in Harris by 3,472.2% during the third quarter. Franklin Resources Inc. now owns 209,119 shares of the communications equipment provider’s stock worth $35,384,000 after purchasing an additional 203,265 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Harris by 231.4% during the third quarter. Renaissance Technologies LLC now owns 275,059 shares of the communications equipment provider’s stock worth $46,543,000 after purchasing an additional 192,059 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Harris by 15.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,344,309 shares of the communications equipment provider’s stock worth $227,471,000 after purchasing an additional 178,395 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Harris by 21.4% during the third quarter. Bessemer Group Inc. now owns 904,550 shares of the communications equipment provider’s stock worth $153,060,000 after purchasing an additional 159,468 shares during the last quarter. Hedge funds and other institutional investors own 84.74% of the company’s stock.

Harris Company Profile

Harris Corporation provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.

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Analyst Recommendations for Harris (NYSE:HRS)

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