Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Harris (HRS) today and set a price target of $194. The company’s shares opened today at $162.96.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 11.5% and a 73.5% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Harris with a $178.50 average price target, implying a 9.5% upside from current levels. In a report issued on March 8, Barclays also maintained a Buy rating on the stock with a $180 price target.
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Based on Harris’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.67 billion and net profit of $225 million. In comparison, last year the company earned revenue of $1.54 billion and had a net profit of $139 million.
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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.
