Harris (HRS) Reaches $160.36 52-Week High; German American Bancorp (GABC)’s Sentiment Is 1.3

March 21, 2018 - By Nellie Frank

German American Bancorp, Inc. operates as the bank holding firm for German American Bancorp that provides retail and commercial banking services. The company has market cap of $796.51 million. The firm operates through three divisions: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. It has a 19.62 P/E ratio. The Core Banking segment attracts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.

The stock of Harris Corporation (NYSE:HRS) hit a new 52-week high and has $166.77 target or 4.00% above today’s $160.36 share price. The 6 months bullish chart indicates low risk for the $19.04B company. The 1-year high was reported on Mar, 21 by Barchart.com. If the $166.77 price target is reached, the company will be worth $761.60M more. The stock increased 0.97% or $1.54 during the last trading session, reaching $160.36. About 427,508 shares traded. Harris Corporation (NYSE:HRS) has risen 39.09% since March 21, 2017 and is uptrending. It has outperformed by 22.39% the S&P500.

Among 10 analysts covering Harris (NYSE:HRS), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Harris has $187.0 highest and $87 lowest target. $140.78’s average target is -12.21% below currents $160.36 stock price. Harris had 36 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Tuesday, March 15 by Cowen & Co. Jefferies maintained the shares of HRS in report on Monday, September 18 with “Buy” rating. The firm earned “Buy” rating on Wednesday, September 7 by Citigroup. The rating was initiated by RBC Capital Markets on Monday, October 12 with “Outperform”. The stock has “Overweight” rating by JP Morgan on Monday, October 12. Seaport Global Securities initiated Harris Corporation (NYSE:HRS) rating on Monday, November 7. Seaport Global Securities has “Buy” rating and $105 target. The company was maintained on Wednesday, November 1 by JP Morgan. The firm earned “Buy” rating on Monday, January 8 by Jefferies. Jefferies initiated it with “Buy” rating and $100 target in Thursday, December 17 report. The firm has “Buy” rating given on Friday, July 7 by Jefferies.

Since February 15, 2018, it had 0 insider buys, and 3 insider sales for $12.22 million activity. 51,200 shares valued at $7.84 million were sold by MEHNERT DANA A on Monday, March 5. Shares for $3.02M were sold by MIKUEN SCOTT T on Friday, March 2. $1.35M worth of Harris Corporation (NYSE:HRS) shares were sold by FOX SHELDON J.

Harris Corporation provides technology solutions that solve government and commercial customersÂ’ mission-critical challenges in the United States and internationally. The company has market cap of $19.04 billion. The firm operates in three divisions: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It has a 38.08 P/E ratio. It designs, develops, and makes radio communications products and systems, including single channel ground and airborne radio systems, 2-channel vehicular radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.10, from 0.99 in 2017Q2. It improved, as 33 investors sold Harris Corporation shares while 196 reduced holdings. 78 funds opened positions while 148 raised stakes. 99.32 million shares or 1.40% less from 100.73 million shares in 2017Q2 were reported. 2,615 were reported by Woodmont Invest Counsel Limited Liability Corp. Putnam Investments stated it has 129,053 shares or 0.04% of all its holdings. Scout Invs stated it has 209,379 shares. Marco Investment Lc, Georgia-based fund reported 3,500 shares. Richard C Young And Ltd has 125,323 shares. Moreover, Robeco Institutional Asset Bv has 0.02% invested in Harris Corporation (NYSE:HRS) for 22,112 shares. Peddock Advisors Lc reported 2,315 shares stake. Cornerstone Cap Management Lc has 20,559 shares for 0.02% of their portfolio. Hancock Holdings has invested 0.72% of its portfolio in Harris Corporation (NYSE:HRS). M&T State Bank Corp accumulated 16,866 shares. Wg Shaheen & Associates Dba Whitney & stated it has 7,919 shares. The New York-based Goldman Sachs has invested 0.02% in Harris Corporation (NYSE:HRS). 41,894 were accumulated by Congress Asset Mngmt Ma. 285 are owned by Ledyard Bancorporation. Duncker Streett invested 0.29% in Harris Corporation (NYSE:HRS).

Analysts await Harris Corporation (NYSE:HRS) to report earnings on May, 2. They expect $1.64 EPS, up 18.84% or $0.26 from last year’s $1.38 per share. HRS’s profit will be $194.72M for 24.45 P/E if the $1.64 EPS becomes a reality. After $1.67 actual EPS reported by Harris Corporation for the previous quarter, Wall Street now forecasts -1.80% negative EPS growth.

Morgan Dempsey Capital Management Llc holds 0.7% of its portfolio in German American Bancorp, Inc. for 54,360 shares. Champlain Investment Partners Llc owns 900,125 shares or 0.4% of their US portfolio. Moreover, Delta Capital Management Llc has 0.15% invested in the company for 5,782 shares. The Indiana-based First Financial Corp In has invested 0.11% in the stock. Grandeur Peak Global Advisors Llc, a Us-based fund reported 18,175 shares.

Analysts await German American Bancorp, Inc. (NASDAQ:GABC) to report earnings on April, 23. They expect $0.47 EPS, up 11.90% or $0.05 from last year’s $0.42 per share. GABC’s profit will be $10.78M for 18.47 P/E if the $0.47 EPS becomes a reality. After $0.41 actual EPS reported by German American Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.63% EPS growth.

The stock increased 0.29% or $0.1 during the last trading session, reaching $34.73. About 15,377 shares traded. German American Bancorp, Inc. (GABC) has risen 47.73% since March 21, 2017 and is uptrending. It has outperformed by 31.03% the S&P500.

Since January 1, 0001, it had 16 insider purchases, and 0 selling transactions for $24,007 activity.

Ratings analysis reveals 0 of German American Bancorp’s analysts are positive. Out of 2 Wall Street analysts rating German American Bancorp, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. GABC was included in 2 notes of analysts from September 29, 2016. The firm has “Hold” rating by Sandler O’Neill given on Thursday, September 29. The stock of German American Bancorp, Inc. (NASDAQ:GABC) earned “Mkt Perform” rating by Raymond James on Thursday, October 6.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: