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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 11061.64. Since its IPO date on the 12/31/1981, Harris Corporation, HRS performance year to date is 3.68%. Today Harris Corporation, HRS has gained 0.85%, with a current price of 89.72.

Ownership of the company is 0.10% for insider ownership while institutional ownership is 93.30%. The management of the company have seen the company have a payout ratio of 76.50%. Return of assets are at 2.70%, with return on investment at 6.80%.

In terms of debt levels and profit levels, Harris Corporation, HRS is seeing a long-term debt/equity of 1.35. While Total debt/equity is 1.48. With a profit margin of 4.60%, this is combined with a gross margin of 31.70%, and operating margin of 11.00%. Harris Corporation ability to meet debt levels, with a current ratio of 0.5, while the quick ratio is 0.3.

For the last year Harris Corporation, HRS has seen a EPS growth of -11.50%. A performance for the year of 11.87%. The 52-week high is 0.35%, and the 52-week low is 30.43%. The average volume for Harris Corporation, HRS is 420590.

With a target price of 97.71, can Harris Corporation, HRS reach this target? Looking at the value indicators of Harris Corporation, HRS. Harris Corporation has a P/E of 93.36 and a forward P/E of 14.12. Perhaps the more useful indicator than P/E, is PEG which has a value of 2.23. Harris Corporation also has a P/S and a P/B of 1.56 and 3.61 respectively. For P/cash, Harris Corporation has a value of 22.71, while it is 21.27 for P/free cash flow.

At the current price of 89.72, Harris Corporation has a dividend yield of 2.25%. We see a return on equity of 9.90%.

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 9.36% in the next year is forecasted. This is after a EPS growth of -11.50% for this year and for the last five years a -10.10% 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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