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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 817.98, and so far today it has a volume of 13462. Performance year to date since the 12/31/1981 is 4.88%.

To help you determine whether Harris Corporation is undervalued the following values will help you decide. P/E is 32.75 and forward P/E is 14.29. PEG perhaps more useful shows that Harris Corporation has a value for PEG of 0.78. P/S ratio is 1.5 and the P/B ratio is 3.65. The P/Cash and P/Free cash flow is 23.06 and 21.6 respectively.

At the current price Harris Corporation is trading at, 89.9 (-0.11% today), Harris Corporation has a dividend yield of 2.22%, and this is covered by a payout ratio of 76.50%. Earnings per share (EPS) is 2.75, and this is looking to grow in the next year to 9.36% after growing -11.50% this past year. EPS growth quarter over quarter is 357.40%, and 24.10% for sales growth quarter over quarter.

The number of shares outstanding is 124.8, and the number of shares float is 124.58. The senior management bring insider ownership to 0.20%, and institutional ownership is at 93.10%. The float short is 3.38%, with the short ratio at a value of 5.14. Management has seen a return on assets of 2.70%, and also a return on investment of 6.80%.

The ability for Harris Corporation, to deal with debt, means it current ratio is 0.5, and quick ratio is 0.3. Long term debt/equity is 1.35 and total debt/equity is 1.48. In terms of margins, Harris Corporation has a gross margin of 31.30%, with its operating margin at 10.50%, and Harris Corporation has a profit margin of 4.30%.

The 52 week high is -1.64%, with 30.68% being its 52 week low. The 20 day simple moving average is 6.06% and the 200 day simple moving average is 11.38%.

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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Mark Hines

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