Harris Corporation (HRS) : Zacks Investment Research ranks Harris Corporation (HRS) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.43, which indicates as a Strong Buy.
Harris Corporation (HRS) : The highest level Harris Corporation (HRS) is projected to reach is $103 for the short term and the lowest estimate is at $85. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $96.5 and the possibility the share price can swing is $6.72.
For the current week, the company shares have a recommendation consensus of Buy. Harris Corporation (NYSE:HRS): The stock opened at $89.98 on Thursday but the bulls could not build on the opening and the stock topped out at $90.00 for the day. The stock traded down to $89.24 during the day, due to lack of any buying support eventually closed down at $89.88 with a loss of -0.11% for the day. The stock had closed at $89.98 on the previous day. The total traded volume was 583,228 shares.
In a related news, The officer (Sr VP-General Counsel & Secy), of Harris Corp /De/, Mikuen Scott T had unloaded 9,400 shares at $88 per share in a transaction on August 2, 2016. The total value of transaction was $827,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications, and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil, national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services, and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems.