Somewhat Positive Media Coverage Somewhat Unlikely to Affect Harris (HRS) Share Price

News articles about Harris (NYSE:HRS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news 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 0.03 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 43.1420559711158 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Several brokerages have weighed in on HRS. Zacks Investment Research raised Harris from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday. ValuEngine raised Harris from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. increased their price target on Harris from $138.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $155.00 price target (up from $144.00) on shares of Harris in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Jefferies Group increased their price target on Harris from $135.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $147.14.

Shares of Harris (NYSE:HRS) traded up $0.15 on Friday, reaching $145.89. The company’s stock had a trading volume of 522,193 shares, compared to its average volume of 615,946. The firm has a market cap of $17,390.00, a P/E ratio of 27.27, a P/E/G ratio of 4.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.11 and a quick ratio of 0.64. Harris has a 12 month low of $99.13 and a 12 month high of $148.73.

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

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Harris Company Profile

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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