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Howmet Aerospace (HWM) Gets a Buy Rating from Cowen & Co.

In a report issued on June 3, Gautam Khanna from Cowen & Co. maintained a Buy rating on Howmet Aerospace (HWMResearch Report). The company’s shares closed last Friday at $31.80.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.9% and a 65.8% success rate. Khanna covers the Technology sector, focusing on stocks such as Huntington Ingalls, Transdigm Group, and ManTech.

Currently, the analyst consensus on Howmet Aerospace is a Strong Buy with an average price target of $40.75, representing a 29.8% upside. In a report issued on June 7, Argus Research also maintained a Buy rating on the stock with a $41.00 price target.

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Based on Howmet Aerospace’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.32 billion and net profit of $131 million. In comparison, last year the company earned revenue of $1.21 billion and had a net profit of $80 million.

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Arconic, Inc. engages in manufacturing and engineering of lightweight metals. It operates through the following segments: Engineered Products and Forgings (EP&F) and Global Rolled Products (GRP). The EP&F segment produces products that are used primarily in the aerospace, industrial, commercial transportation, and power generation end markets. The GRP segment produces aluminum sheet and plate, aluminum extruded and machined parts, integrated aluminum structural systems, and architectural extrusions used in the automotive, aerospace, building and construction, industrial, packaging, and commercial transportation end markets. The company was founded in 1888 and is headquartered in New York, NY.

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