News headlines about Harris (NYSE:HRS) have trended somewhat negative recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Harris earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 44.3193952122927 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Harris County judges told hearing magistrates to deny no-cost bail … – Chron.com (chron.com)
- Virtu Financial LLC Has $1.03 Million Stake in Harris Co. (HRS) (americanbankingnews.com)
- Norinchukin Bank The Acquires 614 Shares of Harris Co. (HRS) (americanbankingnews.com)
- UBS Asset Management Americas Inc. Has $52.59 Million Stake in Harris Co. (HRS) (americanbankingnews.com)
- Man jailed after epileptic seizure sues Harris County for assault, neglect – Houston Chronicle (houstonchronicle.com)
Shares of Harris (NYSE:HRS) traded up $0.81 during trading on Friday, hitting $158.80. The company’s stock had a trading volume of 417,929 shares, compared to its average volume of 929,766. Harris has a fifty-two week low of $106.18 and a fifty-two week high of $161.04. The firm has a market capitalization of $18,854.32, a PE ratio of 37.54, a P/E/G ratio of 4.09 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 1.22 and a debt-to-equity ratio of 1.13.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 8th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.44%. Harris’s dividend payout ratio (DPR) is presently 53.90%.
HRS has been the subject of a number of research analyst reports. ValuEngine raised Harris from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group increased their target price on Harris from $135.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Cowen reissued a “buy” rating and set a $150.00 target price on shares of Harris in a report on Tuesday, October 31st. Zacks Investment Research raised Harris from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, January 18th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $155.00 target price (up previously from $144.00) on shares of Harris in a report on Wednesday, November 1st. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $154.57.
In other news, SVP Sheldon J. Fox sold 8,682 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $156.00, for a total value of $1,354,392.00. Following the completion of the sale, the senior vice president now directly owns 53,724 shares in the company, valued at $8,380,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.91% of the stock is owned by corporate insiders.
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.
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