Safe Bulkers, Inc. (SB) Reaches $3.66 After 6.00% Down Move; Harris (HRS) Has 1.09 Sentiment

March 14, 2018 - By Vivian Park

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 $18.73 billion. The firm operates in three divisions: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It has a 37.47 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.

The stock of Safe Bulkers, Inc. (NYSE:SB) is a huge mover today! The stock decreased 3.56% or $0.135 during the last trading session, reaching $3.655. About 1.30 million shares traded or 176.27% up from the average. Safe Bulkers, Inc. (NYSE:SB) has risen 124.94% since March 14, 2017 and is uptrending. It has outperformed by 108.24% the S&P500.The move comes after 7 months negative chart setup for the $371.11M company. It was reported on Mar, 14 by We have $3.44 PT which if reached, will make NYSE:SB worth $22.27M less.

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 $194.71 million for 24.05 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.

Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $12.22 million activity.

Southport Management L.L.C. holds 7.01% of its portfolio in Harris Corporation for 20,000 shares. M. Kraus & Co owns 55,981 shares or 4.61% of their US portfolio. Moreover, Reliant Investment Management Llc has 3.72% invested in the company for 33,581 shares. The Florida-based First National Bank Of Mount Dora Trust Investment Services has invested 3.53% in the stock. Wheatland Advisors Inc, a Pennsylvania-based fund reported 29,800 shares.

The stock decreased 0.20% or $0.31 during the last trading session, reaching $157.79. About 262,698 shares traded. Harris Corporation (HRS) has risen 39.09% since March 14, 2017 and is uptrending. It has outperformed by 22.39% the S&P500.

Among 8 analysts covering Safe Bulkers (NYSE:SB), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Safe Bulkers had 26 analyst reports since October 23, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Safe Bulkers, Inc. (NYSE:SB) rating on Thursday, February 15. Stifel Nicolaus has “Hold” rating and $2.75 target. The company was downgraded on Tuesday, December 15 by Morgan Stanley. The rating was maintained by Jefferies on Monday, July 3 with “Hold”. On Friday, November 17 the stock rating was maintained by Maxim Group with “Buy”. The company was reinitiated on Tuesday, August 2 by Seaport Global. As per Monday, December 18, the company rating was initiated by Jefferies. As per Friday, January 26, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Friday, October 23 by Jefferies. DNB Markets upgraded the stock to “Buy” rating in Friday, January 27 report. The firm has “Hold” rating given on Friday, January 20 by Stifel Nicolaus.

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