Harris stock: buy or sell?

HRS stock price: $184.96 0.36% At close on July 5th, 2019

Updated on:
July 5th, 2019

4

Shares of Harris gained a slightly good 0.36% and closed at $184.96. On July HRS plunged a spooky -6.16%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Harris stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean HRS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Harris stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 6 ratings published for HRS stock in the last 30 days.

The general sentiment of these ratings is bullish for HRS stock, with 5 positive ratings.
Is HRS a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-5-29Barclaysn/aOverweight
2019-5-2Raymond JamesOutperformOutperform
2019-5-16Barclaysn/aOverweight
2019-2-7Cowenn/aBuy
2019-1-30ArgusBuyPositive
2019-1-29Cowenn/aBuy

Harris stock analysis

Daily outlook

Harris gained a slightly good 0.36% and closed at $184.96.

Harris gained a slightly good 0.36% and closed at $184.96. 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.

HRS stock chart (daily)

Weekly outlook

Harris declined a fatal -2.20% this week. Early June HRS skyrocketed an impressive 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. Since SMA20d and SMA40w crossed up early May, HRS price climbed $7.73 per share (4.36%). Since late January when HRS stock price broke up the SMA40w line, it gained $42.63 (29.95%).

HRS stock chart (weekly)

Harris stock price history

Harris stock went public on December 31st, 1981 with a price of $3.381. Since then, HRS stock surged a 5,372.20%, with an average of 145.20% per year. If you had invested right after HRS's IPO a $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 $201.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' HRS stock price predictions in the hope that they will be met as they may be wrong and not met. We found 6 price targets for Harris stock published in the last month:
HRS stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-5-29BarclaysRaises Target$205.00$245.0019.5%
2019-5-2Raymond JamesRaises Target$190.00$200.005.3%
2019-5-16BarclaysRaises Target$180.00$205.0013.9%
2019-2-7CowenReiteratesn/a$194.00-
2019-1-30ArgusRaises Targetn/a$170.00-
2019-1-29CowenReiteratesn/a$194.00-
(in average)$191.70$201.305.0%
Moving in a range from $245.00 and $170.00, the price target for HRS stock is $201.30. In average, analysts' outlook on HRS price forecast is positive, upgrading the target by a 5.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Harris soared a shining 10.18%. Unfortunately, reported EPS is not yet available in our database.
HRS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.34n/a
2017-Q32017-10-311.341.383.0%
2017-Q42018-01-301.391.6720.1%
2018-Q12018-05-021.621.673.1%
2018-Q22018-07-311.761.781.1%
2018-Q32018-10-141.71.784.7%
2018-Q42019-01-291.911.962.6%
2019-Q12019-04-302.05n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a decent growth of 4.78% to $6,182.00 M USD. Likewise, its income margin (compared to revenues) inched to 11.61%, that is $718.00 million.

Harris fiscal year ends in June, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Harris TTM sales up to March 2019 were $6,611.00 and earnings $913.00 million dollars. When comparing this TTM figures with the last reported annuality, we can review Harris business evolution since June 2018: Annual revenues up to March, compared to lastest yearly report, jumped a remarkable 6.94%. Regarding profit margin, Harris grew 2.20% to 11.61%

HRS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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 M54.23%$324 M5.4%-2.99%
2017$5,900 M-1.54%$553 M9.4%70.68%
2018$6,182 M4.78%$718 M11.6%29.84%
TTM $6,611 M6.94%$913 M13.8%27.16%

Quarterly financial results

Harris posted $1,728.00 million in revenues for 2019-Q1, a 3.72% improvement compared to previous quarter. Reported quarter income marked $243.00 M with a profit margin of 14.06%. Profit margin stayed steady a 0.56% compared to previous quarter when profit margin was 13.51%. When comparing sales to same quarter last year, Harris sales marked a great increase and skyrocketed a 10.20%. Looking back to recent quarterly results, Harris posted 2 positive quarters in a row.
HRS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,540 M-$165 M10.7%-
2017-Q3$1,410 M-8.44%$167 M11.8%1.21%
2017-Q4$1,535 M8.87%$139 M9.1%-16.77%
2018-Q1$1,568 M2.15%$201 M12.8%44.60%
2018-Q2$1,675 M6.82%$232 M13.9%15.42%
2018-Q3$1,542 M-7.94%$213 M13.8%-8.19%
2018-Q4$1,666 M8.04%$225 M13.5%5.63%
2019-Q1$1,728 M3.72%$243 M14.1%8.00%

Harris ownership

When you are planning to buy a company, it's worth to overview its ownership structure.

Harris shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

The following table compares ownership indicators for other stocks related to Harris:

HRS
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

Harris summary

Friday, July 5th, 2019
Open$184.20
Close$184.96
Day range$181.70 - $185.46
Previous close$184.30
Session gain0.36%
Average true range$4.79
50d mov avg$185.86
100d mov avg$174.02
200d mov avg$161.48
Daily pattern
Weekly pattern lt06a

Harris performance

To better understand Harris performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Harris performance to :
Stock3m6m12m
HRSHarris12.86%40.27%30.36%

Harris competitors

Unfortunately, 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