Harris stock: buy or sell?
July 5th, 2019
Harris Corporation provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally.
Should I buy Harris stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Harris stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Harris stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we gathered 6 ratings published for HRS stock in the last month. The general sentiment of these ratings is bullish for HRS stock, with 5 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
Harris stock analysis
Harris closed on July at $184.96 and grew a tiny 0.36%.
Harris shares grew 0.36% to $184.96 on July. Since SMA100d and SMA200d crossed up on May, HRS price climbed $4.17 per share (2.31%). On June, HRS hit new all time highs, pushing higher previous ATH of $198.78 recorded on June. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Harris closed this week at $184.96 and decreased a fateful -2.20%. Early June HRS skyrocketed a superb 5.56% in just one week.
Harris stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Harris marked by mid June. Early May, SMA20w and SMA40w crossed up triggering a rise of 4.36%. Since price and SMA40w lines crossed up late January, HRS climbed $42.63 (29.95%).
Harris stock price history
Harris stock went public on December 31st, 1981 with a price of $3.381. Since then, HRS stock grew a 5,372.20%, with a yearly average of 145.20%. If you had invested $1,000 in Harris stock in 1981, it would worth $53,722.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Harris stock historical price chart
HRS stock reached all-time highs on June with a price of $200.77.
Harris stock price target is $201.30How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 6 price targets for HRS stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-5-2||Raymond James||Raises Target||$190.00||$200.00||5.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April, Harris escalated a shining 10.18%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Harris annual revenues appreciated a good 4.78% to $6,182.00 M USD from $5,900.00 marked in 2017. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) stepped up a 2.24% to 11.61%. To have an up to date view of the financial situation of Harris, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Harris TTM sales up to March 2019 were $6,611.00 and earnings were $913.00 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Harris business evolution since June 2018: Annual turnover up to March, compared to lastest yearly report, rose a pretty good 6.94%. Regarding profit margin, Harris gained 2.20% to 11.61%
|2013||$5,110 M||-||$463 M9.1%||-|
|2014||$5,010 M||-1.96%||$536 M10.7%||15.79%|
|2015||$3,885 M||-22.46%||$334 M8.6%||-37.69%|
|2016||$5,992 M||54.23%||$324 M5.4%||-2.99%|
|2017||$5,900 M||-1.54%||$553 M9.4%||70.68%|
|2018||$6,182 M||4.78%||$718 M11.6%||29.84%|
|TTM||$6,611 M||6.94%||$913 M13.8%||27.16%|
Quarterly financial resultsHarris reported $1,728.00 million in sales for 2019-Q1, a 3.72% improvement compared to previous quarter. Reported quarter income marked $243.00 million with a profit margin of 14.06%. Profit margin remained constant a 0.56% compared to previous quarter when profit margin was 13.51%. When comparing turnover to same quarter last year, Harris sales marked an impressive gain and skyrocketed a 10.20%. Looking back to recent quarterly results, Harris posted 2 positive quarters in a row.
|2017-Q2||$1,540 M||-||$165 M10.7%||-|
|2017-Q3||$1,410 M||-8.44%||$167 M11.8%||1.21%|
|2017-Q4||$1,535 M||8.87%||$139 M9.1%||-16.77%|
|2018-Q1||$1,568 M||2.15%||$201 M12.8%||44.60%|
|2018-Q2||$1,675 M||6.82%||$232 M13.9%||15.42%|
|2018-Q3||$1,542 M||-7.94%||$213 M13.8%||-8.19%|
|2018-Q4||$1,666 M||8.04%||$225 M13.5%||5.63%|
|2019-Q1||$1,728 M||3.72%||$243 M14.1%||8.00%|
Harris ownershipWhen you are planning to buy a company, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Harris, of all outstanding shares are owned by its staff.
The following table compares ownership indicators for other stocks related to Harris:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Friday, July 5th, 2019|
|Day range||$181.70 - $185.46|
|Average true range||$4.79|
|50d mov avg||$185.86|
|100d mov avg||$174.02|
|200d mov avg||$161.48|
Harris performanceTo measure stock performance is always good to benchmark with competitors or related stocks. For Harris, the comparison is made against .
Harris competitorsUnfortunately, we could not find any public company that could be defined as Harris competitor. This doesn't mean Harris does not have any competitor in the market, it's just we could not detected it.
Latest Harris stock news
- Seeking AlphaShareholders Approve The Merger Of Harris And L3May 15, 2019
- Seeking AlphaHarris Promises Suitable GrowthFebruary 6, 2019
- Seeking AlphaHarris Corp.: Jump Right InJanuary 30, 2019
- InvestorPlaceDefense Stocks: L3 Technologies Stock Skyrockets on Harris MergerOctober 15, 2018
- Seeking AlphaHarris Corporation: Outperforming The Defense Group And Approaching Fair ValueAugust 21, 2018