Read up on Howmet Aerospace Inc, IAA, Inc., Raytheon Technologies as they approach key price targets in the near term.
Here's an update with information from the last trading session: Markets were up Friday; Dow Jones ended the session at 33,200 after a 0.53% gain. S&P 500 closed the day at 3,844.82, having gained 0.59%.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.
Howmet Aerospace's Price target: $39.31 | Last close: $39.06 | Daily range: $38.42 – $39.12 | Off hours: $39.06
Pronounced bullish sentiment in the market helped the US aerospace company to make a notable 1.35% gain Friday, rising 52 cents and ultimately closing at $39.06. Friday's gains added to Howmet Aerospace's 5 days uptrend, during which it increased a total of 96 cents. The day's trading volume totalled 2 million shares — slightly under the 21-day average of 2.54 million.
The US aerospace firm now trading 26.28% above its 3-month low of $30.64. The company has a market cap of $16.16 billion with an average daily trading volume of 2.54 million shares. So far in 2022 it has been beating the S&P 500 by 46.06%. $1.43 billion was Howmet Aerospace's last reported revenue with 36 cents being the current EPS.
Howmet Aerospace's run now faces a challenge at $39.31, which is only 25 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Howmet Aerospace disclosed a quarterly dividend of 4 cents per share on Thursday, January 13th that was paid on 2022-11-25T00:00:00 to all shareholders of record up until Friday, November 4th. Based on current prices, the company's decision thereby provides Howmet Aerospace investors with an annual dividend yield of 0.41%.
Buyers pushing IAA towards its price target of $38.91; currently at $38.69
Having ended a bullish session Friday at $38.69, momentum helped IAA finish the day 39 cents or 1.02% higher, although mixed sentiments ensured the used car dealer company etched out a distinct $38.03 to $38.69 session range. Friday's gains added to IAA's bullish trend that has lasted for 5 days so far, during which it increased a total of 98 cents. The day's trading volume totalled 533,126 shares — under the 21-day average of 1.35 million.
The past 3 months have been positive for the used car dealer company as it added 21.9% compared to its 3-month low of $31.81. IAA's market cap currently stands at $5.18 billion with an average daily volume of 1.35 million shares. IAA last reported revenue of $497.5 million with an EPS of 45 cents.
IAA's recent run now faces a major challenge as concentrated supply is likely found at $38.91 with price action currently 22 cents away.
Buyers pushing Raytheon Technologies towards its price target of $99.8; currently at $99.3
Raytheon Technologies's run now faces a challenge at $99.8, which is only 50 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Raytheon Technologies has posted further gains as part of a 5 day trend that has already seen the stock gain 97 cents. Friday's session pointed in the same direction — an influx of buyers helped the US defence contractor to end the session higher around $99.3, while establishing a $98.03 to $99.41 session range Friday. Friday's trading volume was 2.12 million shares which is lower than the 21-day average of 4.18 million.