News headlines about Harris (NYSE:HRS) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Harris earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 44.7435025163885 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s analysis:

Harris (NYSE:HRS) traded down $0.77 during trading on Tuesday, reaching $142.41. The company’s stock had a trading volume of 657,006 shares, compared to its average volume of 624,930. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.64 and a current ratio of 1.11. The firm has a market cap of $16,980.00, a PE ratio of 26.62, a price-to-earnings-growth ratio of 4.00 and a beta of 1.13. Harris has a 12-month low of $99.13 and a 12-month high of $148.73.

Harris (NYSE:HRS) last posted its quarterly earnings results on Tuesday, October 31st. The communications equipment provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Harris had a return on equity of 23.36% and a net margin of 9.02%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. sell-side analysts expect that Harris will post 6.08 earnings per share for the current year.

Several brokerages recently weighed in on HRS. Zacks Investment Research upgraded Harris from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, January 18th. Cowen restated a “buy” rating and set a $157.00 target price on shares of Harris in a research note on Monday. ValuEngine upgraded Harris from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. increased their target price on Harris from $138.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group restated an “outperform” rating and set a $155.00 target price (up previously from $144.00) on shares of Harris in a research note on Wednesday, November 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Harris presently has a consensus rating of “Buy” and an average target price of $148.14.

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About Harris

Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.

Insider Buying and Selling by Quarter for Harris (NYSE:HRS)

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