Drexel Hamilton Maintains a Buy Rating on Huntington Ingalls (HII)


In a report released today, Brian Ruttenbur from Drexel Hamilton maintained a Buy rating on Huntington Ingalls (HII), with a price target of $265. The company’s shares closed yesterday at $213.18, close to its 52-week low of $201.91.

Ruttenbur commented:

“We maintain our Buy rating on HII and our PT of $265.”

According to TipRanks.com, Ruttenbur is a 3-star analyst with an average return of 5.6% and a 55.4% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and BWX Technologies.

Huntington Ingalls has an analyst consensus of Moderate Buy, with a price target consensus of $267.50, representing a 25.5% upside. In a report issued on November 9, Merrill Lynch also maintained a Buy rating on the stock with a $305 price target.

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Based on Huntington Ingalls’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.08 billion and net profit of $229 million. In comparison, last year the company earned revenue of $1.86 billion and had a net profit of $149 million.

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Huntington Ingalls Industries, Inc. engages in the shipbuilding business. It operates through the following segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants.

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