Media coverage about Harris (NYSE:HRS) has trended somewhat positive on Tuesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Harris earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 44.4880804459423 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Help Is On The Way For Australia And Belize’s Spectacular Reefs With The “Sister Reef” Project (prweb.com)
- Twenty Einhorn Harris Attorneys Named to 2018 New Jersey Super Lawyers and Rising Stars List (prweb.com)
- Who is Chris Harris? Top Gear presenter, journalist, YouTube star and racing driver (thesun.co.uk)
- Kamala Harris Is Dreaming Big (vogue.com)
- Tulsa World Editorial: Lawsuit settlement a reminder of county mistakes (tulsaworld.com)
Harris (HRS) traded up $2.39 during trading on Tuesday, reaching $158.82. 774,968 shares of the company were exchanged, compared to its average volume of 803,046. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.22 and a quick ratio of 0.68. Harris has a 12 month low of $106.18 and a 12 month high of $161.04. The stock has a market cap of $18,582.40, a price-to-earnings ratio of 37.55, a P/E/G ratio of 4.03 and a beta of 1.27.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 8th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, March 7th. Harris’s dividend payout ratio (DPR) is currently 53.90%.
HRS has been the topic of several recent research reports. ValuEngine upgraded shares of Harris from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen restated a “buy” rating and set a $170.00 target price on shares of Harris in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Harris from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, January 18th. Finally, Credit Suisse Group upped their target price on shares of Harris from $167.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Harris has a consensus rating of “Buy” and a consensus price target of $154.57.
In other Harris news, SVP Dana A. Mehnert sold 51,200 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $153.19, for a total value of $7,843,328.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Scott T. Mikuen sold 20,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $151.18, for a total transaction of $3,023,600.00. The disclosure for this sale can be found here. Insiders sold a total of 79,882 shares of company stock worth $12,221,320 over the last three months. 1.91% of the stock is currently owned by corporate insiders.
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Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
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