Analyst Rating Update on Harman International Industries Incorporated (HAR)

Harman International Industries Incorporated (NYSE:HAR) : The consensus on Harman International Industries Incorporated (NYSE:HAR) based on 10 analyst recommendation on the company stock is 1.9, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Harman International Industries Incorporated (NYSE:HAR) : The most positive equity analysts on Harman International Industries Incorporated (NYSE:HAR) expects the shares to touch $150, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $97.33 with an expected fluctuation of $25.46 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Northcoast Research initiates coverage on Harman International Industries Incorporated (NYSE:HAR) The shares have been rated Buy. The rating by the firm was issued on June 14, 2016.

Harman International Industries Incorporated (NYSE:HAR): stock turned positive on Tuesday. Though the stock opened at $67.39, the bulls momentum made the stock top out at $68.97 level for the day. The stock recorded a low of $67.39 and closed the trading day at $68.93, in the green by 4.09%. The total traded volume for the day was 963,915. The stock had closed at $66.22 in the previous days trading.

In an insider trading activity,The (Chief Marketing Officer) of Harman International Industries Inc /De/, Santana Ralph sold 3,650 shares at $72.17 on May 6, 2016. The Insider selling transaction had a total value worth of $263,421. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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