Citigroup slashes price target on Huntington Ingalls Industries Inc [HII] – find out why.

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Huntington Ingalls Industries Inc [NYSE: HII] jumped around 3.32 points on Friday, while shares priced at $256.20 at the close of the session, up 1.31%.

Compared to the average trading volume of 329.62K shares, HII reached a trading volume of 226857 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Huntington Ingalls Industries Inc [HII]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HII shares is $285.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HII stock is a recommendation set at 2.20. 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.

Citigroup have made an estimate for Huntington Ingalls Industries Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 20, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $250 to $280. The new note on the price target was released on January 05, 2024, representing the official price target for Huntington Ingalls Industries Inc stock. Previously, the target price had yet another drop from $250 to $247, while JP Morgan kept a Overweight rating on HII stock.

The Average True Range (ATR) for Huntington Ingalls Industries Inc is set at 4.63, with the Price to Sales ratio for HII stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 0.25. Price to Free Cash Flow for HII in the course of the last twelve months was 22.30 with Quick ratio for the last quarter at 0.89.

How has HII stock performed recently?

Huntington Ingalls Industries Inc [HII] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.23. With this latest performance, HII shares dropped by -7.17% in over the last four-week period, additionally plugging by 7.61% over the last 6 months – not to mention a rise of 26.80% 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 HII stock in for the last two-week period is set at 43.54, with the RSI for the last a single of trading hit 49.25, and the three-weeks RSI is set at 41.64 for Huntington Ingalls Industries Inc [HII]. The present Moving Average for the last 50 days of trading for this stock 271.64, while it was recorded at 254.58 for the last single week of trading, and 249.37 for the last 200 days.

Huntington Ingalls Industries Inc [HII]: Deeper insight into the fundamentals

Huntington Ingalls Industries Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 0.96.

Earnings analysis for Huntington Ingalls Industries Inc [HII]

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 HII. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Huntington Ingalls Industries Inc go to 6.55%.

Insider trade positions for Huntington Ingalls Industries Inc [HII]

The top three institutional holders of HII stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HII stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HII stock with ownership which is approximately 5.8386%.

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