Howmet Aerospace (HWM) Stock Forecast & Price Target

$116.66 +0.66 (+0.57%)

(As of 12:20 PM ET)

Howmet Aerospace - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
1

Hold
2

Buy
14

Based on 17 Wall Street analysts who have issued ratings for Howmet Aerospace in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 1 has given a sell rating, 2 have given a hold rating, and 14 have given a buy rating for HWM.

Consensus Price Target

$115.41
-1.07% Downside

According to the 17 analysts' twelve-month price targets for Howmet Aerospace, the average price target is $115.41. The highest price target for HWM is $144.00, while the lowest price target for HWM is $70.00. The average price target represents a forecasted downside of -1.07% from the current price of $116.66.

HWM Analyst Ratings Over Time

Type	Current Forecast 11/21/23 to 11/20/24	1 Month Ago 10/22/23 to 10/21/24	3 Months Ago 8/23/23 to 8/22/24	1 Year Ago 11/21/22 to 11/21/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$115.41	$101.50	$90.67	$53.69
Forecasted Upside	-1.07% Downside	-4.54% Downside	-6.13% Downside	3.21% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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HWM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HWM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Howmet Aerospace Stock vs. The Competition

Type	Howmet Aerospace	Aerospace Companies	S&P 500
Consensus Rating Score	2.76	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.50% Downside	108.72% Upside	9.99% Upside
News Sentiment Rating	Positive News See Recent HWM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$100.00 ➝ $135.00	+18.88%
11/12/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$113.00 ➝ $129.00	+12.50%
11/11/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $130.00	+13.36%
11/7/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$113.00 ➝ $144.00	+27.87%
11/7/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$105.00 ➝ $135.00	+19.67%
11/7/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Minervino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Positive ➝ Positive	$120.00 ➝ $132.00	+16.25%
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11/7/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$103.00 ➝ $120.00	+5.68%
11/7/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$123.00 ➝ $128.00	+9.55%
10/24/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Gibbs Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
10/21/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$113.00 ➝ $127.00	+19.85%
10/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$106.00 ➝ $125.00	+23.41%
8/5/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Madrid Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$95.00 ➝ $115.00	+31.91%
7/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$83.00 ➝ $105.00	+9.25%
7/12/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$53.00 ➝ $85.00	+6.70%
6/14/2024	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Olin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Sell	$70.00	-11.27%
5/6/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $90.00	+12.78%
5/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$77.00 ➝ $87.00	+10.50%
8/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$50.00 ➝ $60.00	+24.87%
3/22/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$50.00	+23.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:40 PM ET.

Should I Buy Howmet Aerospace Stock? HWM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Howmet Aerospace pros and cons to contact@marketbeat.com.

Howmet Aerospace
Bull Case

Here are some ways that investors could benefit from investing in Howmet Aerospace Inc.:

Howmet Aerospace Inc. has shown consistent growth in its stock price, reaching $99.21 as of the latest trading day, indicating positive momentum.
The company has a strong market capitalization of $40.50 billion, reflecting stability and potential for long-term growth.
Institutional investors, such as Vanguard Group Inc. and JPMorgan Chase & Co., have been increasing their holdings in Howmet Aerospace, signaling confidence in the company's future prospects.
Analysts have given Howmet Aerospace a "Moderate Buy" consensus rating with an average price target of $92.93, suggesting further upside potential.
Recent insider selling by company executives, while notable, could also indicate a belief in the company's current valuation and future performance.

Howmet Aerospace
Bear Case

Investors should be bearish about investing in Howmet Aerospace Inc. for these reasons:

While the stock has shown growth, the current PE ratio of 47.93 may indicate that the stock is trading at a premium compared to industry peers, potentially limiting immediate gains.
Howmet Aerospace's debt-to-equity ratio of 0.68 suggests a moderate level of debt, which could impact the company's financial flexibility and risk profile.
One investment analyst has rated the stock with a sell rating, indicating some skepticism about the company's future performance.
The company's beta of 1.46 implies higher volatility compared to the market average, which may not align with all investors' risk tolerance levels.
While insider selling can sometimes be a normal part of executives' financial planning, the volume of shares sold by key personnel could raise concerns about their long-term confidence in the company.

HWM Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Howmet Aerospace is $115.41, with a high forecast of $144.00 and a low forecast of $70.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Howmet Aerospace in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HWM shares.
: According to analysts, Howmet Aerospace's stock has a predicted downside of -1.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Howmet Aerospace's stock had 1 downgrade by analysts.
: Howmet Aerospace has been rated by research analysts at Bank of America, Barclays, Deutsche Bank Aktiengesellschaft, KeyCorp, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Susquehanna, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Howmet Aerospace more than other "aerospace" companies. The consensus rating score for Howmet Aerospace is 2.76 while the average consensus rating score for "aerospace" companies is 2.66. Learn more on how HWM compares to other companies.

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This page (NYSE:HWM) was last updated on 11/20/2024 by MarketBeat.com Staff

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Howmet Aerospace (HWM) Stock Forecast & Price Target