Harris Corporation (HRS) Getting Somewhat Positive Press Coverage, Analysis Finds
News coverage about Harris Corporation (NYSE:HRS) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harris Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 46.556786347025 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Bargain Hunter Investor Update on Harris Corporation (NYSE:HRS) – FLBC News (flbcnews.com)
- Tale of the Ticker: Pegasystems Inc (PEGA), Harris Corp (HRS) Moving on Volume – Evergreen Caller (evergreencaller.com)
- Peering into Recent Action from Harris Corporation (NYSE:HRS), Quest Diagnostics Incorporated (NYSE:DGX) – FLBC News (flbcnews.com)
- NAFTA renegotiations are about to begin — and Trump is on a collision course with the auto industry (businessinsider.com)
- See what the IHS Markit Score report has to say about Harris Corp. (finance.yahoo.com)
A number of analysts recently issued reports on the stock. BidaskClub raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Cowen and Company reaffirmed a “buy” rating and set a $125.00 price objective on shares of Harris Corporation in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Harris Corporation in a report on Friday, July 14th. Zacks Investment Research downgraded shares of Harris Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, ValuEngine raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $113.29.
Harris Corporation (NYSE:HRS) traded down 0.04% during trading on Tuesday, reaching $119.79. 587,614 shares of the company’s stock traded hands. The stock has a market cap of $14.41 billion, a P/E ratio of 27.00 and a beta of 1.22. The firm’s 50 day moving average price is $114.50 and its 200-day moving average price is $110.90. Harris Corporation has a one year low of $88.89 and a one year high of $120.54.
Harris Corporation (NYSE:HRS) last posted its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.49. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts anticipate that Harris Corporation will post $6.00 earnings per share for the current fiscal year.
In other news, SVP Robert L. Duffy sold 33,600 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $112.01, for a total transaction of $3,763,536.00. Following the transaction, the senior vice president now directly owns 50,311 shares of the company’s stock, valued at approximately $5,635,335.11. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher D. Young sold 4,070 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $118.93, for a total transaction of $484,045.10. Following the transaction, the insider now directly owns 46,131 shares in the company, valued at $5,486,359.83. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.
Harris Corporation Company Profile
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