Haynes International (HAYN) Upgraded to Strong-Buy by BidaskClub
Haynes International (NASDAQ:HAYN) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
A number of other analysts have also weighed in on HAYN. KeyCorp reaffirmed a “hold” rating on shares of Haynes International in a report on Thursday, November 16th. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. ValuEngine lowered shares of Haynes International from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised shares of Haynes International from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Haynes International currently has an average rating of “Buy” and an average target price of $41.00.
Shares of Haynes International (HAYN) opened at $43.67 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.67 and a current ratio of 6.02. The firm has a market cap of $554.78, a P/E ratio of -16.86 and a beta of 1.34. Haynes International has a twelve month low of $28.97 and a twelve month high of $45.14.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Haynes International during the 4th quarter worth approximately $111,000. Municipal Employees Retirement System of Michigan grew its stake in Haynes International by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,690 shares of the basic materials company’s stock worth $168,000 after buying an additional 1,740 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Haynes International in the 4th quarter worth approximately $213,000. Virtu Financial LLC purchased a new position in Haynes International in the 4th quarter worth approximately $226,000. Finally, BNP Paribas Arbitrage SA grew its stake in Haynes International by 63.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,713 shares of the basic materials company’s stock worth $241,000 after buying an additional 2,615 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors and hedge funds.
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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.
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