Howmet Aerospace Inc (HWM) stock: 12-month forecast projects -18.26% potential drop%

A share price of Howmet Aerospace Inc [HWM] is currently trading at $92.83, down -0.28%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HWM shares have gain 7.01% over the last week, with a monthly amount glided 17.17%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Howmet Aerospace Inc [NYSE: HWM] stock has seen the most recent analyst activity on June 26, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $95. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on March 18, 2024, and set its price target to $75. On January 10, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $74 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $67 on January 05, 2024. UBS initiated its recommendation with a Neutral and recommended $51 as its price target on October 11, 2023. In a note dated September 28, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $59 on this stock.

Howmet Aerospace Inc experienced fluctuations in its stock price throughout the past year between $42.94 and $97.29. Currently, Wall Street analysts expect the stock to reach $75.88 within the next 12 months. Howmet Aerospace Inc [NYSE: HWM] shares were valued at $92.83 at the most recent close of the market. An investor can expect a potential drop of -18.26% based on the average HWM price forecast.

Analyzing the HWM fundamentals

Trailing Twelve Months sales for Howmet Aerospace Inc [NYSE:HWM] were 7.09B which represents 14.08% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.23 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.86.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 92.18 points at the first support level, and at 91.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.50, and for the 2nd resistance point, it is at 94.18.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Howmet Aerospace Inc [NYSE:HWM] is 1.53. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 5.34, the price to book ratio is 8.97 and price to earnings (TTM) ratio is 41.16.

Transactions by insiders

Recent insider trading involved Marchuk Neil Edward, EVP, HR, that happened on Jun 03 ’24 when 32614.0 shares were sold. EVP, HR, Marchuk Neil Edward completed a deal on Mar 04 ’24 to sell 45000.0 shares.

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