Is Arconic (ARNC) a Sell? What does Jefferies Think?

July 16, 2018 - By Lisa Delgado

Why Has Jefferies Given Arconic (ARNC) a $23.0 Price Target

Analysts at Jefferies started coverage on shares of Arconic (ARNC) in an analyst report shared with investors and clients on Monday morning. The firm set Buy rating on the $9.28 billion market cap company.

Arconic Inc. (NYSE:ARNC) Ratings Coverage

Among 9 analysts covering Arconic Inc (ARNC), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Arconic Inc has $33.0 highest and $25 lowest target. $27.14’s average target is 41.13% above currents $19.23 stock price. Arconic Inc had 13 analyst reports since January 22, 2018 according to SRatingsIntel. The stock of Arconic Inc. (NYSE:ARNC) earned “Equal-Weight” rating by Morgan Stanley on Friday, February 23. Seaport Global maintained the shares of ARNC in report on Monday, January 22 with “Buy” rating. The rating was maintained by Seaport Global on Thursday, April 19 with “Buy”. The firm has “Neutral” rating given on Monday, April 23 by Longbow. The firm has “Hold” rating by Argus Research given on Thursday, May 31. The stock of Arconic Inc. (NYSE:ARNC) has “Buy” rating given on Wednesday, May 9 by Longbow. As per Monday, February 5, the company rating was maintained by Seaport Global. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, April 12. The rating was maintained by Wells Fargo on Tuesday, May 1 with “Outperform”. JP Morgan maintained the shares of ARNC in report on Tuesday, May 1 with “Overweight” rating.

The stock increased 10.62% or $1.85 during the last trading session, reaching $19.23. About 11.90 million shares traded or 166.91% up from the average. Arconic Inc. (ARNC) has declined 32.27% since July 16, 2017 and is downtrending. It has underperformed by 44.84% the S&P500.

Analysts await Arconic Inc. (NYSE:ARNC) to report earnings on July, 23. They expect $0.30 earnings per share, down 6.25 % or $0.02 from last year’s $0.32 per share. ARNC’s profit will be $144.80M for 16.03 P/E if the $0.30 EPS becomes a reality. After $0.34 actual earnings per share reported by Arconic Inc. for the previous quarter, Wall Street now forecasts -11.76 % negative EPS growth.

Arconic Inc. engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. The company has market cap of $9.28 billion. It operates through three divisions: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. It currently has negative earnings. The Global Rolled Products segment produces and sells aluminum sheets and plates; and aseptic foils.

More notable recent Arconic Inc. (NYSE:ARNC) news were published by: which released: “Here’s Why Arconic Rose as Much as 13.9% Today” on July 16, 2018, also with their article: “Arconic (ARNC) Draws Interest from Private-Equity – WSJ” published on July 16, 2018, published: “My Thoughts On Arconic’s Downtrend” on July 12, 2018. More interesting news about Arconic Inc. (NYSE:ARNC) were released by: and their article: “Arconic (ARNC) Draws Interest from Private-Equity – WSJ (Earlier)” published on July 16, 2018 as well as‘s news article titled: “Arconic signs largest multiyear supply deal with Boeing” with publication date: July 16, 2018.

Arconic Inc. (NYSE:ARNC) Ratings Chart

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