Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Huntington Ingalls (HII) today and set a price target of $260. The company’s shares closed yesterday at $208.73.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 12.7% and a 71.6% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Vista Outdoor, and HEICO Corp.
Huntington Ingalls has an analyst consensus of Hold, with a price target consensus of $240.
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Based on Huntington Ingalls’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.08 billion and net profit of $118 million. In comparison, last year the company earned revenue of $1.87 billion and had a net profit of $156 million.
Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock.
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Huntington Ingalls Industries, Inc. engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants.
