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 closed on July at $184.96 and grew a tiny 0.36%. On July HRS collapsed a scary -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?

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.

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 fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
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 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.

HRS stock chart (daily)

Weekly outlook

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%).

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 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 $201.30

How 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:
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 Harris stock is $201.30. In average, analysts' outlook on HRS price forecast is positive, increasing 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 escalated 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

In 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%

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 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.
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.

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:

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 measure stock performance is always good to benchmark with competitors or related stocks. For Harris, the comparison is made against .
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