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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 682.74, and so far today it has a volume of 693100. Performance year to date since the 12/31/1981 is 7.24%.

To help you determine whether Harris Corporation is undervalued the following values will help you decide. P/E is 33.33 and forward P/E is 14.49. PEG perhaps more useful shows that Harris Corporation has a value for PEG of 0.8. P/S ratio is 1.52 and the P/B ratio is 3.71. The P/Cash and P/Free cash flow is 23.32 and 22.66 respectively.

At the current price Harris Corporation is trading at, 91.5 (-0.12% today), Harris Corporation has a dividend yield of 2.32%, 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 9.22% after growing -11.70% this past year. EPS growth quarter over quarter is 356.80%, and 24.10% for sales growth quarter over quarter.

The number of shares outstanding is 124.1, and the number of shares float is 122.47. The senior management bring insider ownership to 0.30%, and institutional ownership is at 91.50%. The float short is 2.73%, with the short ratio at a value of 4.9. Management has seen a return on assets of 2.70%, and also a return on investment of 6.90%.

The ability for Harris Corporation, to deal with debt, means it current ratio is 1.3, and quick ratio is 0.8. 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 -2.59%, with 31.31% being its 52 week low. The 20 day simple moving average is 1.91% and the 200 day simple moving average is 11.57%.

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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