Arconic (ARNC) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ARNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARNC, but not buy additional shares or sell existing shares.
View ARNC analyst ratings or view top-rated stocks.

4 brokerages have issued 12 month price objectives for Arconic's shares. Their ARNC share price forecasts range from $21.00 to $26.00. On average, they expect the company's stock price to reach $22.67 in the next twelve months. This suggests that the stock has a possible downside of 21.6%.
View analysts price targets for ARNC or view top-rated stocks among Wall Street analysts.

Arconic's stock was trading at $21.16 at the beginning of 2023. Since then, ARNC stock has increased by 36.6% and is now trading at $28.90.
View the best growth stocks for 2023 here.

Arconic saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,550,000 shares, an increase of 35.6% from the April 30th total of 1,880,000 shares. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.6% of the shares of the company are sold short.
View Arconic's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our ARNC earnings forecast.

Arconic Co. (NYSE:ARNC) posted its quarterly earnings results on Thursday, May, 4th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.06. The basic materials company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.85 billion. Arconic had a positive trailing twelve-month return on equity of 8.21% and a negative net margin of 2.29%. The company's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share.

ETFs with the largest weight of Arconic (NYSE:ARNC) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metal Miners Bull 2X Shares (MNM), 3D Printing ETF (PRNT), Invesco DWA Basic Materials Momentum ETF (PYZ), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Optica Rare Earths & Critical Materials ETF (CRIT) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

Arconic (NYSE:ARNC) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for ARNC.

Arconic announced that its board has authorized a stock buyback plan on Wednesday, November 16th 2022, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

73 employees have rated Arconic Chief Executive Officer Mr. John C. Plant on Glassdoor.com. Mr. John C. Plant has an approval rating of 34% among the company's employees. This puts Mr. John C. Plant in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arconic investors own include Alcoa (AA), Bank of America (BAC), Cisco Systems (CSCO), Boeing (BA), General Electric (GE), Advanced Micro Devices (AMD), AT&T (T), Micron Technology (MU), NVIDIA (NVDA) and QUALCOMM (QCOM).

Arconic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARNC."

Arconic's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (19.49%), FMR LLC (6.79%), State Street Corp (5.45%), Harris Associates L P (4.46%), Franklin Resources Inc. (4.32%) and Dimensional Fund Advisors LP (3.70%). Insiders that own company stock include Diana B Perreiah, E Stanley Oneal, Frederick A Henderson, Mark J Vrablec, Mary Zik, Melissa M Miller, Timothy Donald Myers and William F Austen.
View institutional ownership trends.

Shares of ARNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARNC stock can currently be purchased for approximately $28.90.

Arconic (NYSE:ARNC) has a market capitalization of $2.90 billion and generates $8.70 billion in revenue each year. The basic materials company earns $-182,000,000.00 in net income (profit) each year or ($2.04) on an earnings per share basis.

The company employs 11,550 workers across the globe.

Arconic's mailing address is 201 Isabella Street Suite 400, Pittsburgh PA, 15212. The official website for the company is www.arconic.com. The basic materials company can be reached via phone at 412-992-2500 or via email at investor.relations@arconic.com.