Wells Fargo & Co. upgraded shares of Harman International Industries (NYSE:HAR) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning, TheFlyOnTheWall.com reports.
Harman International Industries (NYSE:HAR) opened at 82.43 on Tuesday. Harman International Industries has a 52 week low of $40.48 and a 52 week high of $85.76. The stock has a 50-day moving average of $79.01 and a 200-day moving average of $65.46. The company has a market cap of $5.568 billion and a P/E ratio of 42.34.
Harman International Industries (NYSE:HAR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Analysts expect that Harman International Industries will post $3.95 EPS for the current fiscal year.
A number of other firms have also recently commented on HAR. Analysts at Robert W. Baird reiterated a buy rating on shares of Harman International Industries in a research note to investors on Tuesday, November 12th. They now have a $96.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of Harman International Industries from $52.00 to $70.00 in a research note to investors on Tuesday, November 12th. They now have a neutral rating on the stock. Finally, analysts at Barclays raised their price target on shares of Harman International Industries from $68.00 to $86.00 in a research note to investors on Monday, November 4th. They now have an equal weight rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $77.80.
Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems.
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