Barclays analyst David E. Strauss maintains $Howmet Aerospace (HWM.US)$ with a buy rating, and maintains the target price at $130.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 8.4% 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 Q3 outcomes were robust, continuing to gain from a rise in airfoil spares demand and favorable pricing, amidst the aerospace sector grappling with engine time on wing challenges and subdued OEM production rates. The company is expected to surpass its end markets buoyed by market share gains and pricing prospects, alongside margin expansion and capital deployment that is anticipated to benefit shareholders.
The firm noted that Howmet Aerospace's Q3 results were outstanding, highlighting robust pricing, mix, and execution. They also pointed out that the Q4 guidance surpasses consensus expectations.
Howmet Aerospace's Engine Products segment has been identified as a key driver of growth and margin expansion, while the Aftermarket segment also continues to contribute to growth and is expected to represent an increasingly larger share of sales over the long term.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
