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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 10973.52. Since its IPO date on the 12/31/1981, Harris Corporation, HRS performance year to date is 2.63%. Today Harris Corporation, HRS has gained 0.24%, with a current price of 88.28.

Ownership of the company is 0.10% for insider ownership while institutional ownership is 93.70%. 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 9.78%. The 52-week high is -0.42%, and the 52-week low is 28.33%. The average volume for Harris Corporation, HRS is 317699.

With a target price of 94.38, can Harris Corporation, HRS reach this target? Looking at the value indicators of Harris Corporation, HRS. Harris Corporation has a P/E of 92.41 and a forward P/E of 15.05. Perhaps the more useful indicator than P/E, is PEG which has a value of 2.21. Harris Corporation also has a P/S and a P/B of 1.55 and 3.24 respectively. For P/cash, Harris Corporation has a value of 36.34, while it is 16.56 for P/free cash flow.

At the current price of 88.28, Harris Corporation has a dividend yield of 2.27%. 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 2.94% 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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Tony Dabbs

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