HII Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Huntington Ingalls Industries (HII) has shown strong bullish momentum recently, with the stock price rising to $199.02 as of 2025-03-10. The Relative Strength Index (RSI) for HII is at 80.48, indicating overbought conditions, which may suggest a potential pullback in the short term. However, the MACD indicator shows a bullish crossover, with the MACD line above the signal line, indicating continued upward momentum.
News and Event Impact:
Recent news has been positive for HII. The stock jumped 12.3% after President Trump announced the creation of an office of shipbuilding in the White House and offered tax incentives, which is expected to boost the shipbuilding industry. Additionally, increased defense spending by European nations, as urged by NATO Secretary General Mark Rutte, could further benefit HII as a major military shipbuilder.
Valuation and Analyst Sentiment:
HII's current price is $199.02, with a mean analyst price target of $198.45, suggesting limited upside in the near term. However, some analysts, such as Citigroup, have set higher targets, up to $235, implying significant potential upside. The stock has underperformed the broader market over the past year, but recent developments could drive a reversal.
Conclusion:
Based on the technical indicators and positive news sentiment, HII is expected to reach a price of $211 in the next trading week. The stock is in a bullish trend, and the recent catalysts suggest continued upward momentum. Therefore, the recommendation is to buy HII stock at its current level, with a target price of $211.
HII Similar Chart Price Prediction
The price of HII is predicted to go up -26.76%, based on the high correlation periods with FBIO. The similarity of these two price pattern on the periods is 94.97%.
HII
FBIO
HII Revenue Forecast
HII EPS Forecast
HII FAQs
What is HII revenue forecast for next quarter？
The market consensus for HII's revenue in the upcoming quarter is projected to be approximately $2.8B USD.
HII VS S&P500
The National Defense Strategy prioritizes modernizing the military to counter potential great power adversaries. We think this will increase the proportion of the defense budget available to contractors.
Huntington Ingalls is one of two major shipbuilders for the U.S. Navy, which is a difficult to replicate business. The U.S. has a vested interest in maintaining the financial viability of the company.
Defense prime contractors operate in an acyclical business and shipbuilders are particularly acyclical, which could offer some protection from an eventual U.S. recession.
HII Analyst's Forecast
David Strauss
Barclays
2025-02-10
Price Target
$220 → $200
Upside
+22.33%
David Strauss
Barclays
2024-11-04
Price Target
$290 → $220
Upside
+15.16%
Peter Skibitski
Alembic Global
2024-11-01
Price Target
$210
Upside
+10.98%
