Raymond James Downgrades Harman International Industries /DE/ to Market Perform

Brokerage firm Raymond James Downgrades its rating on Harman International Industries /DE/(HAR). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at Raymond James was issued on Feb 22, 2017 in a research report to their Investors and Clients.

Harman International Industries /DE/ (HAR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.01% or 0.01 points. Due to strong positive momentum, the stock ended at $111.2, which is also near the day’s high of $111.25. The stock began the session at $111.13 and the volume stood at 9,00,696 shares. The 52-week high of the shares is $111.4 and the 52 week low is $64.93. The company has a current market capitalization of $7,772 M and it has 6,98,93,450 shares in outstanding.

Harman International Industries /DE/(HAR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.88B. Analysts had an estimated revenue of $1.78B. Earnings per share were $1.57. Analysts had estimated an EPS of $1.52.

Several Insider Transactions has been reported to the SEC. On Jan 30, 2017, Herbert K Parker (EVP, Operational Excellence) sold 8,744 shares at $111.03 per share price.Also, 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, according to the Form-4 filing with the securities and exchange commission.

Harman International Industries Incorporated is engaged in the designing and engineering of connected products and solutions for automakers consumers and enterprises including audio systems visual products enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications as well as a range of loudspeaker and electronics for home multimedia and mobile applications. The Professional segment provides audio lighting video and control and automation solutions for commercial enterprise and public space applications. The Services segment creates software solutions that integrate design mobility cloud and analytics. Its brands include AKG AMX Crown Harman/Kardon Infinity JBL JBL Professional Lexicon Mark Levinson Martin Revel Soundcraft and Studer.

Add Comment