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Investment analysts at JPMorgan Chase & Co. hoisted their price target on shares of Haynes International (NASDAQ:HAYN) from $59.00 to $66.00 in a note issued to investors on Monday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 11.60% from the stock’s previous close.

Shares of Haynes International (NASDAQ:HAYN) traded up 7.53% during mid-day trading on Monday, hitting $59.14. 115,178 shares of the company’s stock traded hands. Haynes International has a 1-year low of $43.36 and a 1-year high of $59.36. The stock has a 50-day moving average of $53.05 and a 200-day moving average of $52.34. The company has a market cap of $733.5 million and a P/E ratio of 155.37.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.04. The company had revenue of $115.35 million for the quarter, compared to the consensus estimate of $105.48 million. During the same quarter last year, the company posted $0.52 earnings per share. Haynes International’s revenue was down 10.7% compared to the same quarter last year. On average, analysts predict that Haynes International will post $0.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, May 29th.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Haynes International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $52.50 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Haynes International currently has an average rating of “Hold” and an average price target of $56.30.

Haynes International, Inc (NASDAQ:HAYN) is the producers of nickel- and cobalt-based alloys in sheet, coil and plate forms.

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