Haynes International (NASDAQ:HAYN) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
HAYN has been the topic of several other research reports. Zacks Investment Research cut shares of Haynes International from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Tuesday, March 13th. BidaskClub raised shares of Haynes International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.00.
Haynes International opened at $36.74 on Thursday, Marketbeat reports. Haynes International has a 1 year low of $28.97 and a 1 year high of $45.14. The firm has a market capitalization of $460.86 million, a P/E ratio of -47.10 and a beta of 1.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.72 and a current ratio of 6.44.
Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, May 3rd. The basic materials company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.21). Haynes International had a negative net margin of 8.08% and a negative return on equity of 4.00%. The company had revenue of $110.21 million during the quarter, compared to analyst estimates of $106.71 million. During the same period in the prior year, the business posted ($0.10) EPS. Haynes International’s revenue was up 6.9% compared to the same quarter last year. analysts forecast that Haynes International will post 0.35 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in HAYN. SG Americas Securities LLC acquired a new stake in Haynes International during the 4th quarter worth $111,000. Barclays PLC boosted its stake in Haynes International by 76.7% during the 1st quarter. Barclays PLC now owns 3,860 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 1,676 shares during the last quarter. KBC Group NV acquired a new stake in Haynes International during the 1st quarter worth $189,000. MetLife Investment Advisors LLC acquired a new stake in Haynes International during the 4th quarter worth $213,000. Finally, Virtu Financial LLC acquired a new stake in Haynes International during the 4th quarter worth $226,000.
About Haynes International
Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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