Arconic - ARNC Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ARNC shares.
View ARNC analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 12-month price objectives for Arconic's shares. Their ARNC share price forecasts range from $29.00 to $42.00. On average, they anticipate the company's stock price to reach $36.40 in the next year. This suggests a possible upside of 113.6% from the stock's current price.
View analysts price targets for ARNC or view top-rated stocks among Wall Street analysts.

Arconic's stock was trading at $33.01 on January 1st, 2022. Since then, ARNC shares have decreased by 48.4% and is now trading at $17.04.
View the best growth stocks for 2022 here.

Arconic saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 2,750,000 shares, a drop of 8.3% from the July 31st total of 3,000,000 shares. Based on an average daily volume of 912,100 shares, the short-interest ratio is presently 3.0 days. Currently, 2.7% of the shares of the stock are sold short.
View Arconic's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our ARNC earnings forecast.

Arconic Co. (NYSE:ARNC) posted its earnings results on Tuesday, August, 2nd. The basic materials company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.72 by $0.10. The basic materials company earned $2.55 billion during the quarter, compared to the consensus estimate of $2.42 billion. Arconic had a net margin of 1.53% and a trailing twelve-month return on equity of 9.28%. The company's revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS.

Arconic updated its FY 2022 earnings guidance on Wednesday, September, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $9.20 billion-$9.50 billion, compared to the consensus revenue estimate of $9.61 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."

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.
Compare Top Brokerages Here.

One share of ARNC stock can currently be purchased for approximately $17.04.

Arconic (NYSE:ARNC) has a market capitalization of $1.75 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.

The company 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.