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A look at a High Market Cap Stock: Harris Corporation, HRS

Harris Corporation, HRS is in the exchange NYSE and its industry is Communication Equipment in the sector of Technology. Based in USA, Harris Corporation, HRS  has a market cap of 10610.04. Since its IPO date on the 12/31/1981, Harris Corporation, HRS performance year to date is -1.88%. Today Harris Corporation, HRS has gained 2.35%, with a current price of 84.2.

Ownership of the company is 0.10% for insider ownership while institutional ownership is 88.90%. The management of the company have seen the company have a payout ratio of 239.30%. Return of assets are at 0.90%, with return on investment at 5.40%.

In terms of debt levels and profit levels, Harris Corporation, HRS is seeing a long-term debt/equity of 1.28. While Total debt/equity is 1.42. With a profit margin of 1.50%, this is combined with a gross margin of 31.70%, and operating margin of 8.40%. Harris Corporation ability to meet debt levels, with a current ratio of 1.4, while the quick ratio is 0.9.

For the last year Harris Corporation, HRS has seen a EPS growth of -37.60%. A performance for the year of 10.03%. The 52-week high is -5.02%, and the 52-week low is 22.40%. The average volume for Harris Corporation, HRS is 829570.

With a target price of 93.56, can Harris Corporation, HRS reach this target? Looking at the value indicators of Harris Corporation, HRS. Harris Corporation has a P/E of 88.35 and a forward P/E of 14.27. Perhaps the more useful indicator than P/E, is PEG which has a value of 2.11. Harris Corporation also has a P/S and a P/B of 1.49 and 3.1 respectively. For P/cash, Harris Corporation has a value of 35.13, while it is 16.01 for P/free cash flow.

At the current price of 84.2, Harris Corporation has a dividend yield of 2.38%. We see a return on equity of 3.20%.

Looking more long-term Harris Corporation, is projected to get an EPS growth for the next five years of 41.80%. In the short-term an EPS growth of 3.76% in the next year is forecasted. This is after a EPS growth of -37.60% for this year and for the last five years a -6.80% growth has been seen.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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