Wells Fargo Sticks to Its Buy Rating for Howmet Aerospace (HWM)

Wells Fargo analyst Matthew Akers maintained a Buy rating on Howmet Aerospace (HWM – Research Report) today and set a price target of $72.00. The company’s shares closed yesterday at $66.00.

Akers covers the Industrials sector, focusing on stocks such as General Electric, Raytheon Technologies, and Hexcel. According to TipRanks, Akers has an average return of 21.7% and an 83.33% success rate on recommended stocks.

Currently, the analyst consensus on Howmet Aerospace is a Strong Buy with an average price target of $69.69, representing a 5.59% upside. In a report released on April 1, Jefferies also assigned a Buy rating to the stock with a $80.00 price target.

HWM market cap is currently $27.08B and has a P/E ratio of 35.98.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HWM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Howmet Aerospace (HWM) Company Description:

Arconic, Inc. engages in manufacturing and engineering of lightweight metals. It operates through the following segments: Engineered Products and Forgings (EP&F) and Global Rolled Products (GRP). The EP&F segment produces products that are used primarily in the aerospace, industrial, commercial transportation, and power generation end markets. The GRP segment produces aluminum sheet and plate, aluminum extruded and machined parts, integrated aluminum structural systems, and architectural extrusions used in the automotive, aerospace, building and construction, industrial, packaging, and commercial transportation end markets. The company was founded in 1888 and is headquartered in New York, NY.