Harman International Industries (NYSE: HAR)
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Harman International Industries from a ?neutral? rating to an ?underperform? rating in a research note to investors on Wednesday, December 26th. They now have a $41.80 price target on the stock. Separately, analysts at Guggenheim initiated coverage on shares of Harman International Industries in a research note to investors on Friday, December 21st. They set a ?neutral? rating and a $46.00 price target on the stock. Finally, analysts at JPMorgan Chase reiterated an ?overweight? rating on shares of Harman International Industries in a research note to investors on Wednesday, December 19th. They now have a $59.00 price target on the stock. Shares of Harman International Industries traded up 2.81% during mid-day trading on Monday, hitting $47.53. Harman International Industries has a one year low of $34.08 and a one year high of $52.75. The stock?s 50-day moving average is currently $41.73. The company has a market cap of $3.224 billion and a P/E ratio of 9.83. Harman International Industries last announced its earnings results on Friday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in 2012, the company posted $0.69 earnings per share. The company?s revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts predict that Harman International Industries will post $3.45 earnings per share for the current fiscal year. Harman International Industries, Incorporated (Harman International) is engaged in the developing, manufacturing and marketing of high-quality, high-fidelity audio products and electronic systems.