Morgan Stanley lifts Howmet Aerospace Inc. [HWM] price estimate. Who else is bullish?

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Howmet Aerospace Inc. [NYSE: HWM] gained 0.99% or 0.33 points to close at $33.65 with a heavy trading volume of 2997903 shares. The company report on November 18, 2021 that Howmet Aerospace to Present at Credit Suisse Global Industrials Conference.

Howmet Aerospace Inc. (NYSE: HWM) announced today that John C. Plant, Executive Chairman and Chief Executive Officer, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will speak at the Credit Suisse Global Industrials Conference on Wednesday, December 1, 2021 at 10:10 AM ET.


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A real-time webcast of the event will be available on the “Investors/Events and Presentations” section of www.howmet.com, where a webcast replay will be available for one year following the presentation.

It opened the trading session at $33.78, the shares rose to $34.085 and dropped to $33.36, the range by which the price of stock traded the whole day. The daily chart for HWM points out that the company has recorded -0.88% loss over the past six months. However, it is still -46.88% lower than its most recent low trading price.

If we look at the average trading volume of 2.65M shares, HWM reached to a volume of 2997903 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Howmet Aerospace Inc. [HWM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HWM shares is $38.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HWM stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Howmet Aerospace Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 03, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on November 17, 2021, representing the official price target for Howmet Aerospace Inc. stock. Previously, the target price had yet another raise to $40, while UBS analysts kept a Buy rating on HWM stock.

The Average True Range (ATR) for Howmet Aerospace Inc. is set at 0.95, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 2.90. The Price to Book ratio for the last quarter was 4.10, with the Price to Cash per share for the same quarter was set at 1.70. Price to Free Cash Flow for HWM in the course of the last twelve months was 127.59 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for HWM stock

Howmet Aerospace Inc. [HWM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.35. With this latest performance, HWM shares gained by 9.15% in over the last four-week period, additionally sinking by -0.88% over the last 6 months – not to mention a rise of 21.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HWM stock in for the last two-week period is set at 68.56, with the RSI for the last a single of trading hit 76.33, and the three-weeks RSI is set at 63.29 for Howmet Aerospace Inc. [HWM]. The present Moving Average for the last 50 days of trading for this stock 30.85, while it was recorded at 32.93 for the last single week of trading, and 32.13 for the last 200 days.

Howmet Aerospace Inc. [HWM]: A deeper dive into fundamental analysis

Howmet Aerospace Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 2.30.

Howmet Aerospace Inc. [HWM]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HWM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Howmet Aerospace Inc. go to 33.55%.

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An analysis of insider ownership at Howmet Aerospace Inc. [HWM]

There are presently around $12,874 million, or 92.00% of HWM stock, in the hands of institutional investors. The top three institutional holders of HWM stocks are: VANGUARD GROUP INC with ownership of 41,177,650, which is approximately -0.938% of the company’s market cap and around 0.20% of the total institutional ownership; ELLIOTT INVESTMENT MANAGEMENT L.P., holding 41,065,000 shares of the stock with an approximate value of $1.37 billion in HWM stocks shares; and BLACKROCK INC., currently with $1.21 billion in HWM stock with ownership of nearly -0.019% of the company’s market capitalization.

Positions in Howmet Aerospace Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 194 institutional holders increased their position in Howmet Aerospace Inc. [NYSE:HWM] by around 27,527,196 shares. Additionally, 215 investors decreased positions by around 27,473,577 shares, while 105 investors held positions by with 331,382,919 shares. The mentioned changes placed institutional holdings at 386,383,692 shares, according to the latest SEC report filing. HWM stock had 48 new institutional investments in for a total of 1,553,252 shares, while 47 institutional investors sold positions of 10,946,111 shares during the same period.