Smarter Analyst

Cowen & Co. Issues a Hold Rating on Huntington Ingalls (HII)

Cowen & Co. analyst Gautam Khanna assigned a Hold rating to Huntington Ingalls (HII) on November 5 and set a price target of $185.00. The company’s shares closed last Wednesday at $163.17.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 9.5% and a 66.8% success rate. Khanna covers the Technology sector, focusing on stocks such as L3Harris Technologies, General Electric, and Transdigm Group.

The word on The Street in general, suggests a Hold analyst consensus rating for Huntington Ingalls with a $174.29 average price target, representing a 7.1% upside. In a report issued on November 5, Stifel Nicolaus also maintained a Hold rating on the stock with a $167.00 price target.

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Huntington Ingalls’ market cap is currently $6.7B and has a P/E ratio of 11.30. The company has a Price to Book ratio of -29.72.

Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HII in relation to earlier this year.

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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. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines. The Technical Solutions segment provides professional services, including fleet support, integrated missions solutions, nuclear and environmental, and oil and gas services. The company was founded on August 4, 2010 and is headquartered in Newport News, VA.