Howmet Aerospace Surpasses Analyst Price Target: What Are the Next Steps for Investors?
In recent trading, shares of Howmet Aerospace Inc (Symbol: HWM) have surpassed the average analyst 12-month target price of $124.59, selling for $125.30 per share. When a stock reaches its analyst target, that analyst typically has two responses: they might downgrade their valuation or raise their target price. However, the analyst’s decision often hinges on significant business developments that might be influencing the stock price. If Howmet’s outlook is improving, a price target increase may be warranted.
There are 22 analysts contributing to the average price target for Howmet Aerospace Inc within the Zacks coverage universe. It’s essential to note that the average represent a mathematical mean, which means there are diverging opinions. Some analysts set a lower target, with one estimating a price of $81.00, while another is optimistic with a target as high as $144.00. The standard deviation among these targets is $15.765.
The interest in HWM’s price target highlights a collective analysis, pooling insights from multiple experts rather than relying solely on one opinion. As HWM trades above the average target price of $124.59 per share, investors are prompted to reassess the company’s prospects. They must decide whether $124.59 is just a milestone on the path to a higher target or whether the stock’s valuation has become too stretched, hence considering selling portions of their stake. Below, you will find a detailed look at current analyst ratings for Howmet Aerospace Inc:
| Recent HWM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 17 | 17 | 17 | 18 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.43 | 1.43 | 1.43 | 1.33 |
The average rating is calculated on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. This article draws on data from Zacks Investment Research via Quandl.com. For more insights, access the latest Zacks research report on HWM — FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
