Howmet Aerospace (NYSE:HWM) had its price objective upped by Credit Suisse Group from $19.00 to $21.00 in a report issued on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on HWM. Cowen restated a hold rating and issued a $17.00 price target on shares of Howmet Aerospace in a research note on Thursday, August 6th. Zacks Investment Research upgraded shares of Howmet Aerospace from a sell rating to a hold rating in a research note on Wednesday, August 26th. Barclays upgraded shares of Howmet Aerospace from an underweight rating to an overweight rating and set a $22.00 target price for the company in a research note on Thursday, September 10th. Argus downgraded shares of Howmet Aerospace from a buy rating to a hold rating and set a $18.00 target price for the company. in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $16.00 to $20.00 and gave the stock an overweight rating in a research note on Friday, September 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Howmet Aerospace presently has a consensus rating of Buy and an average target price of $19.83.

NYSE:HWM opened at $18.49 on Monday. The stock has a fifty day simple moving average of $17.18. The firm has a market capitalization of $8.06 billion, a P/E ratio of 15.67 and a beta of 1.64. The company has a current ratio of 2.23, a quick ratio of 1.22 and a debt-to-equity ratio of 1.38. Howmet Aerospace has a 52 week low of $9.87 and a 52 week high of $34.27.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.12 billion. Howmet Aerospace had a net margin of 4.58% and a return on equity of 21.09%. The business’s revenue for the quarter was down 31.1% on a year-over-year basis. As a group, research analysts expect that Howmet Aerospace will post 0.66 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Howmet Aerospace in the first quarter valued at $757,000. US Bancorp DE purchased a new stake in Howmet Aerospace in the second quarter valued at $334,000. World Asset Management Inc purchased a new stake in Howmet Aerospace in the second quarter valued at $256,000. Cibc World Markets Corp purchased a new stake in Howmet Aerospace in the second quarter valued at $2,330,000. Finally, Comerica Bank purchased a new stake in Howmet Aerospace in the second quarter valued at $1,428,000. 87.90% of the stock is owned by hedge funds and other institutional investors.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries. It offers jet engine components, aerospace fastening systems, and titanium structural parts for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation.

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Analyst Recommendations for Howmet Aerospace (NYSE:HWM)

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