A number of firms have modified their ratings and price targets on shares of Huntington Ingalls (NYSE: HII) recently:
- Huntington Ingalls had its price target raised by analysts at Barclays Capital from $43.00 to $45.00. They now have an “equal weight” rating on the stock.
- Huntington Ingalls had its price target raised by analysts at Deutsche Bank from $40.00 to $48.00. They now have a “hold” rating on the stock.
- Huntington Ingalls had its price target lowered by analysts at JPMorgan Chase from $51.00 to $50.00.
- Huntington Ingalls had its price target raised by analysts at Bank of America to $40.00. They wrote, “We are raising our 2013 EPS estimate to $3.80 from $3.75. We are increasing our Ingalls segment operating margin to 5.5% from 4.5% as HII executed better than we expected. … Considering the company’s execution history, we remain comfortable below management’s long-term guidance of greater than 9% operating margins by 2015. We are increasing outyear EPS estimates as we account for 2% interest income earned on cash accumulated in the balance sheet.”
- Huntington Ingalls was downgraded by analysts at Zacks from an “outperform” rating to a “neutral” rating. They now have a $50.50 price target on the stock.
- Huntington Ingalls had its price target raised by analysts at Sanford C. Bernstein from $58.00 to $64.00.
Shares of Huntington Ingalls traded up 1.74% during mid-day trading on Tuesday, hitting $48.07. Huntington Ingalls has a one year low of $35.29 and a one year high of $48.93. The stock’s 50-day moving average is currently $45.11. The company has a market cap of $2.383 billion and a P/E ratio of 16.24.
Huntington Ingalls Industries, Inc. (HII) owns and operates the Northrop Grumman shipbuilding business.
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