Arconic has outperformed the index in 2019 as it has increased its guidance for the remainder of the year, this has lead to the the company now hitting a majority of analysts price targets, this in turn will force regrading which will affect the stock pricing.
AVERAGE ANALYSTS PRICE TARGET $27
AVERAGE ANALYSTS RECOMMENDATION overweight
P/R RATIO 30
SHORT INTEREST 3.4%
COMPANY PROFILE
Arconic, Inc. engages in the manufacture and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions. The Global Rolled Products segment produces aluminum sheet and plate. The Engineered Products and Solutions segment include fastening systems (titanium, steel, and nickel superalloys); seamless rolled rings (mostly nickel superalloys); investment castings (nickel superalloys, titanium, and aluminum); and extruded, machined and formed aircraft parts (titanium and aluminum). The Transportation and Construction Solutions segment offers aluminum structural systems, architectural extrusions, and forged aluminum commercial vehicle wheels. The company was founded in 1888 and is headquartered in New York, NY.
AVERAGE ANALYSTS PRICE TARGET $27
AVERAGE ANALYSTS RECOMMENDATION overweight
P/R RATIO 30
SHORT INTEREST 3.4%
COMPANY PROFILE
Arconic, Inc. engages in the manufacture and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions. The Global Rolled Products segment produces aluminum sheet and plate. The Engineered Products and Solutions segment include fastening systems (titanium, steel, and nickel superalloys); seamless rolled rings (mostly nickel superalloys); investment castings (nickel superalloys, titanium, and aluminum); and extruded, machined and formed aircraft parts (titanium and aluminum). The Transportation and Construction Solutions segment offers aluminum structural systems, architectural extrusions, and forged aluminum commercial vehicle wheels. The company was founded in 1888 and is headquartered in New York, NY.