In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Hold rating on Hayward Holdings (HAYW – Research Report), with a price target of $12.00. The company’s shares closed last Thursday at $11.21, close to its 52-week low of $10.48.
According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 5.5% and a 51.6% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.
Currently, the analyst consensus on Hayward Holdings is a Hold with an average price target of $15.00, a 21.0% upside from current levels. In a report issued on July 14, Robert W. Baird also downgraded the stock to Hold with a $16.00 price target.
Hayward Holdings’ market cap is currently $2.54B and has a P/E ratio of 10.81.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HAYW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hayward Holdings Inc is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. The products are offered under various brands namely AquaVac, AquaRite, ColorLogic, Navigator, OmniLogic, OmniHub, TriStar, Super Pump, TurboCell, pHin and others.
Read More on HAYW:
- KeyBanc Keeps Their Buy Rating on Hayward Holdings (HAYW)
- Carrier Global (CARR) Gets a Buy Rating from Morgan Stanley
- SVB Securities Thinks BioNTech SE’s Stock is Going to Recover
- Morgan Stanley Keeps Their Hold Rating on BrightSphere Investment Group (BSIG)
- Morgan Stanley Believes Argenx Se (ARGX) Still Has Room to Grow