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Huntington Ingalls Industries (NYSE:HII) was upgraded by equities researchers at Merrill Lynch to a “buy” rating in a research report issued on Tuesday, Analyst Ratings.Net reports.

Huntington Ingalls Industries (NYSE:HII) traded up 1.28% during mid-day trading on Tuesday, hitting $91.19. 437,059 shares of the company’s stock traded hands. Huntington Ingalls Industries has a one year low of $43.03 and a one year high of $93.04. The stock has a 50-day moving average of $83.71 and a 200-day moving average of $70.. The company has a market cap of $4.502 billion and a price-to-earnings ratio of 20.68.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.17 earnings per share for the quarter, beating the analysts’ 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.

A number of other firms have also recently commented on HII. 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. Separately, 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. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Huntington Ingalls Industries from $92.00 to $108.00 in a research note to investors on Friday, December 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Huntington Ingalls Industries currently has a consensus rating of “Buy” and an average price target of $83.38.

Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.

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