Impact of Brokerage Rating on Harman International Industries, Incorporated(HAR)

Many Harman International Industries, Incorporated(HAR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Harman International Industries /DE/ was Downgraded by Wells Fargo to Market Perform on Dec 9, 2016.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, Herbert K Parker (EVP, Operational Excellence) sold 8,744 shares at 111.03 per share price.On Nov 15, 2016, Ralph Santana (Chief Marketing Officer) sold 1,912 shares at 110.00 per share price.On Nov 15, 2016, Phillip Eyler (EVP, Pres. Connected Car) sold 2,628 shares at 109.89 per share price.

Harman International Industries /DE/ Last issued its quarterly earnings results on Jan 26, 2017. The company reported $2.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.33. Analyst had a consensus of $1.89. The company had revenue of $1947.47 million for the quarter, compared to analysts expectations of $1913.03 million. The companys revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.

Harman International Industries, Incorporated (NYSE:HAR) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.92 by 12 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Harman International Industries, Incorporated (NYSE:HAR) stock has received a short term price target of $ 100.44 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $19.9. The higher estimate of target price is $112 , while the lower price target estimate is $60

Harman International Industries, Incorporated (NYSE:HAR) rose 0.05% or 0.05 points on Tuesday and made its way into the gainers of the day. After trading began at $110.9 the stock was seen hitting $111.06 as a peak level and $110.83 as the lowest level. The stock ended up at $111.05. The daily volume was measured at 785,915 shares. The 52-week high of the share price is $111.4 and the 52-week low is $64.93. The company has a market cap of $7,762 million.

Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems. It offers infotainment systems for vehicle applications; automotive audio systems for vehicle applications; mid-to high-end loudspeaker and electronics for home, multimedia, and mobile applications; home audio and theater systems, and distributed systems for home applications, transducers and built-in speakers for notebook computers; audio systems for personal computers; and aftermarket mobile products. Harman International Industries, Incorporated is headquartered in Stamford, Connecticut.

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