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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 11314.7. Since its IPO date on the 12/31/1981, Harris Corporation, HRS performance year to date is 6.07%. Today Harris Corporation, HRS has gained 0.30%, with a current price of 91.29.

Ownership of the company is 0.20% for insider ownership while institutional ownership is 91.10%. 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 4.30%, this is combined with a gross margin of 31.30%, and operating margin of 10.50%. 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 26.57%. The 52-week high is -0.76%, and the 52-week low is 32.70%. The average volume for Harris Corporation, HRS is 309434.

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 33.12 and a forward P/E of 14.45. Perhaps the more useful indicator than P/E, is PEG which has a value of 0.79. Harris Corporation also has a P/S and a P/B of 1.52 and 3.7 respectively. For P/cash, Harris Corporation has a value of 23.23, while it is 21.76 for P/free cash flow.

At the current price of 91.29, Harris Corporation has a dividend yield of 2.20%. 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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Peter Clarke

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