Huntington Ingalls (HII) Gets a Buy Rating from Cowen & Co.

By Austin Angelo

In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Huntington Ingalls (HIIResearch Report), with a price target of $260. The company’s shares closed on Friday at $194.52.

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 7.6% and a 54.4% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Vista Outdoor, and ManTech.

Currently, the analyst consensus on Huntington Ingalls is a Strong Buy with an average price target of $260.20.

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Based on Huntington Ingalls’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.08 billion and net profit of $229 million. In comparison, last year the company earned revenue of $2 billion and had a net profit of $64 million.

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Huntington Ingalls Industries, Inc. engages in the shipbuilding business. It operates through the following segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants.