Haynes International, Inc. (NASDAQ:HAYN)‘s stock had its “neutral” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a report issued on Saturday. They currently have a $26.00 target price on the basic materials company’s stock, down from their prior target price of $33.50. J P Morgan Chase & Co’s price target indicates a potential downside of 14.67% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, April 10th. Longbow Research raised shares of Haynes International from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.33.

Haynes International (NASDAQ:HAYN) traded down 13.41% during midday trading on Friday, reaching $30.47. The company’s stock had a trading volume of 385,554 shares. Haynes International has a 12 month low of $29.92 and a 12 month high of $48.37. The company has a market cap of $377.83 million, a PE ratio of 114.98 and a beta of 1.54. The stock has a 50-day moving average price of $36.19 and a 200 day moving average price of $38.55.

ILLEGAL ACTIVITY WARNING: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/07/22/haynes-internationals-hayn-neutral-rating-reaffirmed-at-j-p-morgan-chase-co.html.

Several hedge funds have recently bought and sold shares of HAYN. Arizona State Retirement System increased its stake in Haynes International by 1.5% in the first quarter. Arizona State Retirement System now owns 6,565 shares of the basic materials company’s stock worth $250,000 after buying an additional 100 shares in the last quarter. Nationwide Fund Advisors increased its stake in Haynes International by 1.4% in the first quarter. Nationwide Fund Advisors now owns 10,130 shares of the basic materials company’s stock worth $386,000 after buying an additional 137 shares in the last quarter. Victory Capital Management Inc. increased its stake in Haynes International by 0.6% in the first quarter. Victory Capital Management Inc. now owns 29,595 shares of the basic materials company’s stock worth $1,128,000 after buying an additional 170 shares in the last quarter. Mason Street Advisors LLC increased its stake in Haynes International by 7.1% in the first quarter. Mason Street Advisors LLC now owns 2,925 shares of the basic materials company’s stock worth $112,000 after buying an additional 195 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Haynes International by 3.5% in the first quarter. Thrivent Financial For Lutherans now owns 7,010 shares of the basic materials company’s stock worth $267,000 after buying an additional 240 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

About Haynes International

Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.

Receive News & Ratings for Haynes International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.