October 22, 2017

Analyst Ratings and Financial Health of Arconic Inc. (NYSE:ARNC)

11 October 2017, 09:15 | Elsie Buchanan

Among 4 analysts covering Arconic (NYSE:ARNC), 2 have Buy rating, 0 Sell and 2 Hold. State of Tennessee Treasury Department boosted its position in Arconic by 11.7% in the first quarter.

Publicly-traded company Arconic Inc. Seaport Global Securities upgraded shares of Arconic from a neutral rating to a buy rating and set a $27.00 price objective on the stock in a research report on Thursday, July 13th. Harris Associates L P bought a new position in Arconic during the first quarter worth $141,040,000. For the quarter, shares have been noted at 19.50%.

Arconic Inc. (ARNC) is an interesting player in the Basic Materials space, with a focus on Aluminum. The fund owned 133,297 shares of the basic materials company's stock after selling 478,594 shares during the period. The SI to Arconic Incorporated's float is 3.79%.

Arconic Inc. (NYSE:ARNC) closed its last session at $27.39. The company had a trading volume of 2,692,983 shares. The company operates in the Industrials sector with a market capitalization of 12.04 Million. The stock's 50 day moving average is $26.79 and its 200-day moving average is $24.23. Company shares have been seen trading -10.62% off of the 52 week high and 63.76% away from the 52 week low. This showed a surprise of 23.1% in the last quarter earnings.

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Taking a look at a public company's Earnings per Share (EPS) is a good way of evaluating its profitability. A rating of 4 or 5 would represent a Sell recommendation.

The average 1-year price target for Arconic Inc.

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 25th. Shareholders of record on Friday, May 5th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, May 3rd. (ARNC) - averaging the work of different analysts - reveals a mean PT of $24.14/share. Zacks Investment Research raised Arconic from a "hold" rating to a "buy" rating and set a $24.00 price objective on the stock in a research report on Tuesday, January 24th. Of the 9 analysts surveyed by Reuters that track ARNC 3 of them rate its stock a hold. Longbow Research assumed coverage on Arconic in a research report on Friday, March 31st. Finally, JPMorgan Chase & Co. assumed coverage on Arconic in a report on Tuesday, April 18th. It has been assigned a low target price of $46.5 and a high target price of $55. Of the analysts who provided ratings, 5 rated the company a Hold, and 2 rated it a Strong Buy.

Three months ago, on the other hand, the average analyst rating for Arconic Inc.

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In other Arconic news, Director Patricia F. Russo acquired 15,000 shares of Arconic stock in a transaction that occurred on Tuesday, August 15th. Following the purchase, the director now owns 7,928 shares in the company, valued at $194,790.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The collective rating of 2.1 for Arconic Inc. The company describes itself as a global leader in multi-material, precision engineered products and solutions for a variety of industries.

Several hedge funds have recently added to or reduced their stakes in the stock.

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