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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 11325.37. Since its IPO date on the 12/31/1981, Harris Corporation, HRS performance year to date is 6.95%. Today Harris Corporation, HRS has gained -0.26%, with a current price of 91.26.

Ownership of the company is 0.30% for insider ownership while institutional ownership is 91.50%. 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 6.90%.

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 1.3, while the quick ratio is 0.8.

For the last year Harris Corporation, HRS has seen a EPS growth of -11.70%. A performance for the year of 25.13%. The 52-week high is -2.84%, and the 52-week low is 30.96%. The average volume for Harris Corporation, HRS is 698800.

With a target price of 100.86, can Harris Corporation, HRS reach this target? Looking at the value indicators of Harris Corporation, HRS. Harris Corporation has a P/E of 33.25 and a forward P/E of 14.46. Perhaps the more useful indicator than P/E, is PEG which has a value of 0.8. Harris Corporation also has a P/S and a P/B of 1.52 and 3.71 respectively. For P/cash, Harris Corporation has a value of 23.26, while it is 22.61 for P/free cash flow.

At the current price of 91.26, Harris Corporation has a dividend yield of 2.32%. 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 9.22% in the next year is forecasted. This is after a EPS growth of -11.70% 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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Mark Hines

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