Howmet Aerospace Inc [NYSE: HWM] gained 1.18% on the last trading session, reaching $78.78 price per share at the time.
If compared to the average trading volume of 2.96M shares, HWM reached a trading volume of 4109407 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $88.40 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 1.56. 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.
BTIG Research have made an estimate for Howmet Aerospace Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on March 18, 2024, representing the official price target for Howmet Aerospace Inc stock. Previously, the target price had yet another raise from $47 to $74, while Truist kept a Buy rating on HWM stock.
The Average True Range (ATR) for Howmet Aerospace Inc is set at 1.83, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 4.69. The Price to Book ratio for the last quarter was 7.98, with the Price to Cash per share for the same quarter was set at 1.31. Price to Free Cash Flow for HWM in the course of the last twelve months was 39.31 with Quick ratio for the last quarter at 0.92.
Trading performance analysis for HWM stock
Howmet Aerospace Inc [HWM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.10. With this latest performance, HWM shares dropped by -1.53% in over the last four-week period, additionally plugging by 47.06% over the last 6 months – not to mention a rise of 57.25% 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 47.00, with the RSI for the last a single of trading hit 46.11, and the three-weeks RSI is set at 48.85 for Howmet Aerospace Inc [HWM]. The present Moving Average for the last 50 days of trading for this stock 81.30, while it was recorded at 79.23 for the last single week of trading, and 63.24 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 0.92 and a Current Ratio set at 1.97.
Howmet Aerospace Inc [HWM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Howmet Aerospace Inc posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.43/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.30%. 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 23.04%.
An analysis of Institutional ownership at Howmet Aerospace Inc [HWM]
The top three institutional holders of HWM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HWM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HWM stock with ownership which is approximately 5.1238%.
