In a report released on May 3, David E. Strauss from Barclays maintained a Buy rating on Howmet Aerospace (HWM – Research Report), with a price target of $85.00. The company’s shares closed last Friday at $78.89.
E. Strauss covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and Spirit AeroSystems. According to TipRanks, E. Strauss has an average return of 6.4% and a 59.18% success rate on recommended stocks.
Currently, the analyst consensus on Howmet Aerospace is a Strong Buy with an average price target of $74.60, which is a -5.44% downside from current levels. In a report released on May 3, Bank of America Securities also assigned a Buy rating to the stock with a $90.00 price target.
HWM market cap is currently $32.2B and has a P/E ratio of 38.09.
Based on the recent corporate insider activity of 36 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:
Howmet Aerospace manufactures advanced engineered solutions tailored for the aerospace, defense, and transportation sectors. It focuses on jet engine components, aerospace fastening systems, and airframe structural components. The company also manufactures forged aluminum wheels for commercial transportation.
Read More on HWM:
- Jefferies aerospace/defense analyst to hold analyst/industry conference call
- Howmet Aerospace price target raised to $90 from $75 at RBC Capital
- Howmet Aerospace price target raised to $90 from $75 at BofA
- Howmet Aerospace price target raised to $88 from $74 at Truist
- Howmet Aerospace price target raised to $84 from $74 at Baird
