What’s Next for Haynes International, Inc. (HAYN) After Today’s Significant Increase?

September 17, 2017 - By Hazel Jackson

The stock of Haynes International, Inc. (NASDAQ:HAYN) is a huge mover today! The stock increased 5.39% or $1.67 on September 15, reaching $32.65. About 244,960 shares traded or 164.36% up from the average. Haynes International, Inc. (NASDAQ:HAYN) has risen 38.73% since September 17, 2016 and is uptrending. It has outperformed by 22.03% the S&P500.
The move comes after 8 months positive chart setup for the $408.38 million company. It was reported on Sep, 17 by Barchart.com. We have $34.28 PT which if reached, will make NASDAQ:HAYN worth $20.42M more.

Analysts await Haynes International, Inc. (NASDAQ:HAYN) to report earnings on November, 16. They expect $-0.28 earnings per share, down 450.00 % or $0.36 from last year’s $0.08 per share. After $-0.32 actual earnings per share reported by Haynes International, Inc. for the previous quarter, Wall Street now forecasts -12.50 % EPS growth.

Haynes International, Inc. (NASDAQ:HAYN) Ratings Coverage

Among 4 analysts covering Haynes International (NASDAQ:HAYN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Haynes International had 9 analyst reports since August 12, 2015 according to SRatingsIntel. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The rating was upgraded by Longbow to “Buy” on Monday, May 15. The rating was downgraded by Rosenblatt to “Neutral” on Monday, August 29. Singular Research initiated it with “Buy” rating and $48 target in Tuesday, September 29 report. The firm has “Hold” rating by Zacks given on Friday, August 14. Zacks downgraded Haynes International, Inc. (NASDAQ:HAYN) on Wednesday, August 12 to “Hold” rating.

More notable recent Haynes International, Inc. (NASDAQ:HAYN) news were published by: Seekingalpha.com which released: “Haynes International’s (HAYN) CEO Mark Comerford on Q2 2017 Results – Earnings …” on May 06, 2017, also Globenewswire.com with their article: “Haynes International, Inc. Announces Election of New Member of Board of Directors” published on July 05, 2017, Globenewswire.com published: “Haynes International, Inc. announces the development of HAYNES® 233â„¢ alloy” on December 01, 2016. More interesting news about Haynes International, Inc. (NASDAQ:HAYN) were released by: Nasdaq.com and their article: “Haynes International, Inc. (HAYN) Ex-Dividend Date Scheduled for August 30, 2017” published on August 29, 2017 as well as Globenewswire.com‘s news article titled: “Haynes International, Inc. to Host Second Quarter Conference Call” with publication date: May 02, 2017.

Haynes International, Inc. is a producer of nickel- and cobalt alloys in flat product forms, such as sheet, coil and plate forms. The company has market cap of $408.38 million. The Firm also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It currently has negative earnings. 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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