Arconic - ARNC Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARNC shares.
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4 brokerages have issued 12 month price targets for Arconic's shares. Their ARNC share price forecasts range from $34.00 to $42.00. On average, they predict the company's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price.
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Arconic's stock was trading at $33.01 on January 1st, 2022. Since then, ARNC shares have decreased by 14.4% and is now trading at $28.27.
View the best growth stocks for 2022 here.

Arconic saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,110,000 shares, a drop of 23.8% from the June 30th total of 4,080,000 shares. Based on an average trading volume of 968,200 shares, the short-interest ratio is presently 3.2 days. Currently, 3.0% of the shares of the stock are short sold.
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Arconic is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our ARNC earnings forecast.

Arconic Co. (NYSE:ARNC) released its earnings results on Tuesday, August, 2nd. The basic materials company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.33. The basic materials company earned $2.55 billion during the quarter, compared to analysts' expectations of $2.42 billion. Arconic had a net margin of 1.53% and a trailing twelve-month return on equity of 9.28%. Arconic's revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share.

Arconic issued an update on its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.60 billion-$10.00 billion, compared to the consensus revenue estimate of $9.35 billion.

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 a number of institutional and retail investors. Top institutional investors include Deroy & Devereaux Private Investment Counsel Inc. (0.69%), Loomis Sayles & Co. L P (0.50%), New York State Teachers Retirement System (0.13%), Wolverine Asset Management LLC (0.00%), ARK Investment Management LLC (0.11%) and Russell Investments Group Ltd. (0.10%). Insiders that own company stock include Diana Toman, E Stanley Oneal, Erick R Asmussen, Frederick A Henderson, International LP Elliott, James F Albaugh, Katherine H Ramundo, Mark J Vrablec, Mary Zik, Melissa M Miller, Timothy Donald Myers and W Paul Myron.
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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 $28.27.

Arconic (NYSE:ARNC) has a market capitalization of $2.90 billion and generates $7.50 billion in revenue each year. The basic materials company earns $-397,000,000.00 in net income (profit) each year or $1.24 on an earnings per share basis.

Arconic employs 13,900 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.