Huntington Ingalls Industries Given New $66.00 Price Target at Deutsche Bank (HII)
Investment analysts at Deutsche Bank raised their target price on shares of Huntington Ingalls Industries (NYSE:HII) from $60.00 to $66.00 in a note issued to investors on Wednesday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price suggests a potential downside of 1.95% from the company’s current price.
Shares of Huntington Ingalls Industries (NYSE:HII) traded up 0.43% on Wednesday, hitting $67.60. 329,253 shares of the company’s stock traded hands. Huntington Ingalls Industries has a 1-year low of $39.16 and a 1-year high of $69.81. The stock has a 50-day moving average of $66.55 and a 200-day moving average of $59.0. The company has a market cap of $3.365 billion and a price-to-earnings ratio of 20.76.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.19. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries will post $4.06 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Huntington Ingalls Industries from $53.00 to $62.00 in a research note to investors on Friday, August 9th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Huntington Ingalls Industries from $63.00 to $65.00 in a research note to investors on Thursday, August 8th. Finally, analysts at Barclays Capital raised their price target on shares of Huntington Ingalls Industries from $50.00 to $64.00 in a research note to investors on Thursday, August 8th. They now have an “equal weight” rating on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.50.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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