In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Harris (HRS), with a price target of $210. The company’s shares closed yesterday at $197.70, close to its 52-week high of $197.99.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 12.9% and a 71.8% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Currently, the analyst consensus on Harris is a Strong Buy with an average price target of $211, implying a 6.7% upside from current levels. In a report issued on May 29, Barclays also maintained a Buy rating on the stock with a $245 price target.
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Harris’ market cap is currently $23.34B and has a P/E ratio of 26.60. The company has a Price to Book ratio of 6.47.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Duffy, the SVP HR of HRS sold 92,014 shares for a total of $16,448,654.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Harris Corp. engages in the provision of technology-based solutions for tactical communications, geospatial systems and services, air traffic management, avionics and electronic warfare, and space and intelligence. It operates through the following business segments: Communication Systems, Electronic Systems, Space and Intelligence Systems, and Corporate.
