Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Huntington Ingalls Industries In (NYSE: HII) improved of late. HII’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Huntington Ingalls Industries In (NYSE: HII) stock closed at $246.23 on 5/3/24 after a modest gain of 0.4%. Moreover, trading volume in this advance was unusually high at 154% of normal. The stock has declined -10.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HII is expected to continue to be an important Value Builder.
Huntington Ingalls Industries In has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Huntington Ingalls Industries In has a neutral Appreciation Score of 49 but a good Power Rating of 78, with the Positive Value Trend Rating the result.
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