Harris Corporation (HRS) Receives Price Target

Harris Corporation (HRS) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $103 and the lowest price target forecast is $85. The average forecast of all the analysts is $96.8 and the expected standard deviation is $7.46.

Harris Corporation (HRS) : The consensus on Harris Corporation (HRS) based on 5 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Citigroup initiates coverage on Harris Corporation (NYSE:HRS). Citigroup has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $95 per share. The rating by the firm was issued on June 10, 2016.

Harris Corporation (NYSE:HRS): The stock opened at $93.22 on Thursday but the bulls could not build on the opening and the stock topped out at $93.61 for the day. The stock traded down to $92.34 during the day, due to lack of any buying support eventually closed down at $92.85 with a loss of -0.14% for the day. The stock had closed at $92.98 on the previous day. The total traded volume was 826,475 shares.

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.

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