Amidst recent market tumult, shares of the illustrious Huntington Ingalls Industries, Inc. (Symbol: HII) have energetically surpassed the average 12-month target price of $291.00, triumphantly soaring to $291.47 per share. Witnessing a stock ascend to the mark set by analysts, there arises a pivotal juncture — to downgrade on valuation or elevate the target price. Yet, the analyst response is profoundly dependent on the fundamental business developments propelling the stock higher. Consequently, if the company exhibits promise and prosperity, the target price might very well be uplifted.
Within the Zacks coverage universe, 6 diverse analyst targets amalgamate to formulate the average target for Huntington Ingalls Industries, Inc. Nevertheless, the average target is merely an arithmetic mean. Some analysts harbor ambitions lower than the average, with a solitary soul seeking a target price of $252.00. Conversely, a valiant analyst takes a stand at the zenith with a target as lofty as $325.00. The standard deviation stands gallantly at $23.765.
Delving further, contemplating the average HII price target serves as a conduit to a “wisdom of crowds” endeavor. This initiative assembles the collective insights of all contributing minds, in stark contrast to the solitary viewpoint of a lone expert. With HII transcending the average target price of $291.00 per share, investors holding stake in HII are bestowed with a valuable signal. It beckons them to diligently reassess the company and introspect. Is $291.00 merely a checkpoint on the expedition towards an even loftier target? Or, is the valuation stretched thin, signifying the prudent moment to trim one’s exposure? Displayed below is a tabulation elucidating the current sentiment of analysts covering Huntington Ingalls Industries, Inc.:
| Recent HII Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 3 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 2 | 2 | 1 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.63 | 2.57 | 2.57 | 2.29 |
The average rating denoted at the bottom of the table ranges from 1 to 5, with 1 signifying Strong Buy and 5 marking Strong Sell. Data utilized in this article is courtesy of Zacks Investment Research via Quandl.com. Obtain the latest Zacks research report on HII — FREE.
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The viewpoints and expressions articulated herein represent the musings of the author and do not necessarily mirror those of Nasdaq, Inc.
