Analyst Ratings and Financial Health of Arconic Inc. (NYSE:ARNC)

Several other hedge funds and other institutional investors also recently bought and sold shares of ARNC. Renaissance Technologies LLC bought a new position in shares of Arconic during the 1st quarter worth about $30,412,000. Dimensional Fund Advisors LP now owns 5,813,376 shares of the basic materials company's stock worth $131,682,000 after purchasing an additional 1,468,173 shares in the last quarter. State of Tennessee Treasury Department boosted its position in Arconic by 11.7% in the first quarter. For the quarter, shares have been noted at 13.23%.

Arconic Inc. has a beta of 2.74, offering the possibility of a higher rate of return, but also posing more risk.

Return on Assets is a number, expressed as a percentage that tells us how well a publicly-traded company is using its current assets to generate revenue.

On a similar note, analysts expect EPS of $0.28 in September 2017 quarter and $0.26 in December 2017 quarter, representing -12.5% and 116.67% growth, respectively.

Arconic Inc. (ARNC) opened the session with a $27.17 price tag, later ranging from $27.11 to $27.65, the range at which the stock has traded at throughout the day. Prudential Financial Inc. now owns 1,859,878 shares of the basic materials company's stock worth $42,126,000 after purchasing an additional 1,227,740 shares in the last quarter. SG Americas Securities LLC's holdings in Arconic were worth $3,511,000 at the end of the most recent quarter.

Arconic Inc. (NYSE:ARNC) closed up +0.29 points or 1.07% at $27.39 with 3.75 mln shares exchanging hands. Narrowing in, the stock is at a distance of -1.51% from the 50 day high and 14.79% off of the 50 day low. Current price level places the company's stock about -10.75% from the 52-week high and 63.52% away from the 52-week low. The average estimate of Wall Street analysts had projected 0.26. When it comes to net revenue, the average estimate from a total of 6 analysts is 3.07 billion - compared to 5.21 billion posted in the year-ago period. Arconic's quarterly revenue was down 4.3% compared to the same quarter previous year. Meanwhile, the average 12-month price target from Wall Street analysts is now 27.39, this means that the stock is underpriced by 1.059%.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, November 25th. Shareholders of record on Friday, May 5th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, May 3rd. (ARNC) was a Hold - from a survey of 7 analysts. Zacks Investment Research raised shares of Arconic from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Tuesday, September 12th. They set a "neutral" rating on the stock. Sell-side analyst recommendations point to a short term price target of $24.14 on the company shares. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. (NYSE:SQ). At the time of writing, the First Call consensus price target for the company is $28.22.

In related news, Director Patricia F. Russo bought 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 15th. The volume of ARNC witnessed a shift from 3.75 million shares, based on a 50-day average, to 3.47 million shares.

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