Harris Corporation (NYSE:HRS) Given Daily News Impact Rating of 0.07
News stories about Harris Corporation (NYSE:HRS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harris Corporation earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 44.372667828942 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Norges Bank Sells A Little More Harris Corporation (HRS) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- Quantum Corporation (QTM) is at $7.59 per share and Harris Corporation (HRS) is listed at $116.89 – Stocks Gallery (stocksgallery.com)
- Mitsubishi Ufj Trust & Banking Corp Bought A Little More Harris Corporation (HRS) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- Harris Corporation Delivers Navigation Payload for Third Lockheed Martin GPS III Satellite – Business Wire (press release) (businesswire.com)
- Harris Corporation (HRS) Upgraded by BidaskClub to Buy – ExpressNewsline (expressnewsline.com)
A number of research firms recently commented on HRS. Jefferies Group LLC lifted their price objective on Harris Corporation from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Cowen and Company reiterated a “buy” rating and set a $125.00 price objective on shares of Harris Corporation in a research report on Tuesday, August 1st. Zacks Investment Research lowered Harris Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Barclays PLC lowered Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday, May 1st. Finally, BidaskClub raised Harris Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $113.29.
Shares of Harris Corporation (HRS) traded down 0.27% during mid-day trading on Thursday, reaching $118.23. The company’s stock had a trading volume of 949,839 shares. The firm’s 50 day moving average is $113.79 and its 200-day moving average is $110.39. Harris Corporation has a 52-week low of $88.89 and a 52-week high of $118.99. The company has a market capitalization of $14.22 billion, a PE ratio of 26.65 and a beta of 1.22.
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, meeting the consensus estimate of $1.49. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Harris Corporation had a return on equity of 23.49% and a net margin of 8.53%. Harris Corporation’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. Analysts forecast that Harris Corporation will post $6.00 EPS for the current year.
In other Harris Corporation news, SVP Robert L. Duffy sold 33,600 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $112.01, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.
Harris Corporation Company Profile
Receive News & Ratings for Harris Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harris Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.