Media headlines about Arconic (NYSE:ARNC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Arconic earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.1150095250517 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Arconic (ARNC) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- Analyzing Exelis (XLS) & Arconic (ARNC) (americanbankingnews.com)
- Arconic Inc., (NYSE: ARNC) – Volatility Factor to Consider – Stock Watch (stocksnewstimes.com)
- Investor’s Roundup (SMA’s Analysis) – Arconic Inc (NYSE: ARNC) – Stocks Pen (stockspen.com)
- In Play Stock Characteristics – Arconic Inc (NYSE: ARNC) – Alpha Beta Stock (alphabetastock.com)
Arconic (ARNC) traded down $0.89 during mid-day trading on Wednesday, reaching $24.06. The company’s stock had a trading volume of 5,138,067 shares, compared to its average volume of 4,490,000. Arconic has a 1 year low of $21.75 and a 1 year high of $31.17. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.38 and a current ratio of 2.26. The stock has a market capitalization of $11,620.00, a P/E ratio of 72.91, a PEG ratio of 0.83 and a beta of 1.09.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 4th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, May 3rd. Arconic’s dividend payout ratio (DPR) is presently 72.73%.
A number of brokerages have recently commented on ARNC. Zacks Investment Research downgraded Arconic from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley reaffirmed a “hold” rating and issued a $28.00 price objective (down previously from $30.00) on shares of Arconic in a research report on Friday, February 23rd. Seaport Global Securities reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Arconic in a research report on Tuesday, February 6th. Cowen reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Arconic in a research report on Thursday, February 1st. Finally, Wells Fargo & Co initiated coverage on Arconic in a research report on Thursday, January 4th. They set an “outperform” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $29.89.
In related news, Director David P. Hess acquired 40,300 shares of Arconic stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $24.80 per share, for a total transaction of $999,440.00. Following the completion of the purchase, the director now directly owns 127,870 shares in the company, valued at approximately $3,171,176. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.
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Arconic Inc, formerly Alcoa Inc, is engaged in lightweight metals engineering and manufacturing. The Company operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. Its multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging.
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