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Is this Large Market Cap Stock target price reasonable for Harris Corporation (NYSE:HRS)?

The company in question is, Harris Corporation (NYSE:HRS) currently with a stock price of 89.58 (-0.10% today). The market cap for Harris Corporation is 11083.73, and is in the sector Technology, and Communication Equipment industry. The target price for Harris Corporation is 100.86. Currently Harris Corporation is trading with a P/E of 32.63, and a forward P/E of 14.19. Average volume for Harris Corporation is 668.79 and so far today it is 596000.

Performance in the last year for Harris Corporation has been 19.88%. For EPS growth, Harris Corporation has seen a growth of -11.70%, and is looking to grow in the next year to 9.22%. More long term stats show that EPS growth has been -10.10% over the last five years and could be 41.80% for the next five years. Harris Corporation has seen sales growth quarter over quarter at 24.10%, with EPS growth quarter over quarter at 356.80%. The 20-day simple moving average is -1.35%, with the 200-day simple moving average coming to 8.77%.

Since the IPO date for Harris Corporation on the 12/31/1981, Harris Corporation has seen performance year to date to be 4.99%. With Harris Corporation trading at 89.58, the dividend yield is 2.37%, and the EPS is 2.75.

So could Harris Corporation, be undervalued? Well as said before P/E is 32.63. The PEG is 0.78, P/S is 1.48 and the P/B is at 3.64. The P/cash is 22.76, with P/free cash flow at 22.12.

Harris Corporation ability to deal with debt shows that the current ratio is 1.3, and the quick ratio is 0.8. This is with long term debt/equity at 1.35, and total debt/equity at 1.48.

In terms of margins, Harris Corporation has a gross margin of 31.30%, an operating margin of 10.50% and a profit margin of 4.30%.Payout ratio for Harris Corporation is 76.50%. Return on assets come to 2.70% with return on investment coming to 6.90%.

Insider ownership for Harris Corporation, is at 0.30% and institutional ownership comes to 91.30%. Outstanding shares are at 123.73. While shares float is 122.27. The float short is currently 2.23%, and short ratio is 4.08.

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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Tony Dabbs

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