JPMorgan Chase & Co. Boosts Howmet Aerospace (NYSE:HWM) Price Target to $130.00

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price objective increased by analysts at JPMorgan Chase & Co. from $125.00 to $130.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 2.74% from the company's previous close.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada raised their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Susquehanna raised their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Bank of America increased their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Barclays lifted their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and an average price target of $117.76.

Howmet Aerospace Price Performance

NYSE:HWM traded up $5.58 during mid-day trading on Friday, reaching $133.66. 4,278,007 shares of the company were exchanged, compared to its average volume of 2,619,512. Howmet Aerospace has a 12 month low of $62.70 and a 12 month high of $133.92. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $119.05 and a 200 day moving average of $108.28. The stock has a market cap of $54.30 billion, a PE ratio of 51.02, a PEG ratio of 1.45 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. On average, research analysts anticipate that Howmet Aerospace will post 2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mufg Securities Americas Inc. acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $656,000. Man Group plc boosted its holdings in Howmet Aerospace by 613.9% during the fourth quarter. Man Group plc now owns 78,725 shares of the company's stock worth $8,610,000 after purchasing an additional 67,697 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Howmet Aerospace by 1.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,276 shares of the company's stock worth $5,259,000 after purchasing an additional 602 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Howmet Aerospace during the fourth quarter worth $1,464,000. Finally, Night Owl Capital Management LLC acquired a new position in Howmet Aerospace during the fourth quarter worth $8,095,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.