Haynes International (HAYN) Rating Lowered to Buy at BidaskClub

Haynes International (NASDAQ:HAYN) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Several other analysts have also commented on HAYN. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. ValuEngine lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised shares of Haynes International from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.00.

How to Become a New Pot Stock Millionaire

Shares of Haynes International stock opened at $37.56 on Thursday. The company has a market cap of $488.17, a P/E ratio of -14.50 and a beta of 1.34. The company has a current ratio of 6.02, a quick ratio of 1.67 and a debt-to-equity ratio of 0.03. Haynes International has a 12-month low of $28.97 and a 12-month high of $45.14.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.10. The firm had revenue of $89.70 million for the quarter, compared to analyst estimates of $94.95 million. Haynes International had a negative net margin of 8.18% and a negative return on equity of 3.76%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) EPS. analysts forecast that Haynes International will post 0.94 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its holdings in Haynes International by 1.4% in the 4th quarter. Royce & Associates LP now owns 1,137,816 shares of the basic materials company’s stock valued at $36,467,000 after purchasing an additional 15,610 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Haynes International by 6.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 28,265 shares of the basic materials company’s stock valued at $906,000 after purchasing an additional 1,648 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Haynes International by 1,968.2% in the 3rd quarter. Wells Fargo & Company MN now owns 191,428 shares of the basic materials company’s stock valued at $6,875,000 after purchasing an additional 182,172 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Haynes International in the 4th quarter valued at approximately $1,156,000. Finally, Victory Capital Management Inc. increased its holdings in Haynes International by 16.1% in the 4th quarter. Victory Capital Management Inc. now owns 51,200 shares of the basic materials company’s stock valued at $1,641,000 after purchasing an additional 7,100 shares during the last quarter. Hedge funds and other institutional investors own 98.56% of the company’s stock.

WARNING: This article was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3296707/haynes-international-hayn-rating-lowered-to-buy-at-bidaskclub.html.

About Haynes International

Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.

Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Continental Resources, Inc.  to Post Q1 2019 Earnings of $0.86 Per Share, Piper Jaffray Forecasts
Continental Resources, Inc. to Post Q1 2019 Earnings of $0.86 Per Share, Piper Jaffray Forecasts
VEON  Shares Gap Up to $2.53
VEON Shares Gap Up to $2.53
Geron  Trading Down 0.3%
Geron Trading Down 0.3%
Q2 2019 EPS Estimates for Canadian Pacific Railway Lowered by Analyst
Q2 2019 EPS Estimates for Canadian Pacific Railway Lowered by Analyst
ViewPoint Financial Group to Post Q1 2019 Earnings of $0.77 Per Share, SunTrust Banks Forecasts
ViewPoint Financial Group to Post Q1 2019 Earnings of $0.77 Per Share, SunTrust Banks Forecasts
SeaChange International  Expected to Earn Q1 2019 Earnings of  Per Share
SeaChange International Expected to Earn Q1 2019 Earnings of Per Share


© 2006-2018 Ticker Report. Google+.