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Is Harris Corporation(NYSE: HRS), a large market cap stock a smart buy?

With a market cap of has a large market cap size. Harris Corporation (NYSE: HRS) has been on the stock market since its IPO date on the 12/31/1981. Harris Corporation is in the Communication Equipment industry and Technology sector. Average volume for Harris Corporation, is 870.03, and so far today it has a volume of 498796. Performance year to date since the 12/31/1981 is 0.94%.

To help you determine whether Harris Corporation is undervalued the following values will help you decide. P/E is 90.89 and forward P/E is 14.8. PEG perhaps more useful shows that Harris Corporation has a value for PEG of 2.17. P/S ratio is 1.52 and the P/B ratio is 3.19. The P/Cash and P/Free cash flow is 35.74 and 16.28 respectively.

At the current price Harris Corporation is trading at, 85.77 (-0.98% today), Harris Corporation has a dividend yield of 2.31%, and this is covered by a payout ratio of 239.30%. Earnings per share (EPS) is 0.95, and this is looking to grow in the next year to 2.94% after growing -37.60% this past year. EPS growth quarter over quarter is 13.20%, and 60.90% for sales growth quarter over quarter.

The number of shares outstanding is 124.6, and the number of shares float is 124.33. The senior management bring insider ownership to 0.10%, and institutional ownership is at 93.70%. The float short is 3.84%, with the short ratio at a value of 5.49. Management has seen a return on assets of 0.90%, and also a return on investment of 5.40%.

The ability for Harris Corporation, to deal with debt, means it current ratio is 1.4, and quick ratio is 0.9. Long term debt/equity is 1.28 and total debt/equity is 1.42. In terms of margins, Harris Corporation has a gross margin of 31.70%, with its operating margin at 8.40%, and Harris Corporation has a profit margin of 1.50%.

The 52 week high is -3.25%, with 24.68% being its 52 week low. The 20 day simple moving average is 4.13% and the 200 day simple moving average is 7.39%.

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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Peter Clarke

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