BTIG analyst Andre Madrid maintains $Howmet Aerospace (HWM.US)$ with a buy rating, and adjusts the target price from $115 to $130.
According to TipRanks data, the analyst has a success rate of 89.3% and a total average return of 20.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Howmet Aerospace (HWM.US)$'s main analysts recently are as follows:
Howmet Aerospace's third-quarter outcomes were robust, benefiting from rising airfoil spares volumes and pricing amidst the aerospace industry's challenges with engine time on wing and subdued OEM production rates. The company is poised to outpace its end markets, leveraging market share gains and pricing prospects, alongside margin expansion and capital deployment that is beneficial to shareholders.
Howmet Aerospace's third-quarter results were characterized by outstanding incrementals, indicative of robust pricing, product mix, and execution. The company's guidance for the fourth quarter surpasses the consensus expectations.
Howmet Aerospace's Q3 earnings surpassed expectations. The company's Engine Products have been identified as the primary catalyst for growth and margin improvement. Additionally, the Aftermarket segment is contributing to growth and is expected to comprise a larger share of sales over time.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
