Huntington Ingalls Industries Inc. Reaches New 12-Month High at $93.20 (HII)
Shares of Huntington Ingalls Industries (NYSE:HII) hit a new 52-week high during mid-day trading on Tuesday, Stock Ratings Network reports. The stock traded as high as $93.20 and last traded at $91.25, with a volume of 306,939 shares trading hands. The stock had previously closed at $90.04.
HII has been the subject of a number of recent research reports. Analysts at Merrill Lynch upgraded shares of Huntington Ingalls Industries to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Bank of America Corp. upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $102.00 price target on the stock, up previously from $64.00. Finally, analysts at UBS AG raised their price target on shares of Huntington Ingalls Industries from $73.00 to $91.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.38.
Huntington Ingalls Industries has a one year low of $43.03 and a one year high of $93.04. The stock’s 50-day moving average is $83.71 and its 200-day moving average is $70.. The company has a market cap of $4.502 billion and a P/E ratio of 20.68.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.35. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries will post $4.59 EPS for the current fiscal year.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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