Seaport Global Believes HRS Won’t Stop HereBy Jason Carr
According to TipRanks.com, Sullivan is a 1-star analyst with an average return of -4.6% and a 36.4% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., Allegheny Technologies, and Carpenter Technology.
Harris has an analyst consensus of Strong Buy, with a price target consensus of $110.
Based on Harris’ latest earnings report from September 30, the company posted quarterly revenue of $1.75B and quarterly net profit of $160M. In comparison, last year the company earned revenue of $1.81B and had a net profit of $148M.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2015, Sheldon Fox, the SVP, Integration & Engineering of HRS sold 11,891 shares for a total of $925,120.
Harris Corp. engages in the provision of technology-based solutions. It operates through the following segments: Communication Systems, Space and Intelligence Systems, Electronic Systems and Critical Networks. The Communication System segment deals in integrated system solutions for U.S. and international defense and public safety networks including tactical ground and airborne radios, battlefield management software and night vision technology. The Space and Intelligence System segment deals in Complete Earth observation, environmental solutions, geospatial, space, protection and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics. The Electronic System segment is the extensive portfolio of solutions in electronic warfare, avionics, wireless technology, C4I and undersea systems and The Critical Network segment manages services supporting air traffic management, energy and maritime communications, ground network operation, sustainment, high-value IT and engineering services. The company was founded in 1926 and is headquartered in Melbourne, FL.