Cowen reiterated their buy rating on shares of Harris (NYSE:HRS) in a research report report published on Thursday. Cowen currently has a $194.00 price target on the communications equipment provider’s stock.

HRS has been the subject of a number of other research reports. Zacks Investment Research upgraded Harris from a hold rating to a buy rating and set a $174.00 price target for the company in a research note on Thursday, January 31st. 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. ValuEngine downgraded Harris from a buy rating to a hold rating in a research note on Saturday, December 1st. Barclays upgraded Harris from an equal weight rating to an overweight rating and cut their price target for the company from $189.00 to $181.00 in a research note on Tuesday, November 13th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $182.33.

Shares of HRS opened at $160.16 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 1.04. The stock has a market capitalization of $18.84 billion, a PE ratio of 22.27, a PEG ratio of 2.50 and a beta of 1.23. Harris has a one year low of $123.24 and a one year high of $175.50.

Harris (NYSE:HRS) last issued its earnings results on Tuesday, January 29th. The communications equipment provider reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.05. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Harris had a return on equity of 26.55% and a net margin of 13.29%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. On average, sell-side analysts forecast that Harris will post 8.01 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of HRS. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Harris by 5,847.4% in the 3rd 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 period. Ceredex Value Advisors LLC bought a new stake in shares of Harris in the 4th quarter worth approximately $42,185,000. Franklin Resources Inc. raised its holdings in shares of Harris by 3,472.2% in the 3rd 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 period. Renaissance Technologies LLC raised its holdings in shares of Harris by 231.4% in the 3rd 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 period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Harris by 15.3% in the 3rd 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 period. 86.10% of the stock is currently owned by hedge funds and other institutional investors.

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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