Arconic (ARNC) Receiving Somewhat Positive News Coverage, Report Shows

News headlines about Arconic (NYSE:ARNC) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arconic earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.8784317128408 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern’s scoring:

Arconic (ARNC) traded up $0.61 during mid-day trading on Thursday, hitting $30.40. The stock had a trading volume of 3,113,340 shares, compared to its average volume of 3,832,358. The company has a market capitalization of $14,630.00, a price-to-earnings ratio of -14.14 and a beta of 0.85. Arconic has a 52 week low of $20.50 and a 52 week high of $30.69. The company has a quick ratio of 1.38, a current ratio of 2.30 and a debt-to-equity ratio of 1.15.

Arconic (NYSE:ARNC) last issued its quarterly earnings results on Monday, October 23rd. The basic materials company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). Arconic had a positive return on equity of 9.71% and a negative net margin of 4.70%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.09 billion. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. research analysts expect that Arconic will post 1.17 EPS for the current year.

Several research firms have recently issued reports on ARNC. Seaport Global Securities reissued a “buy” rating and set a $29.00 target price (up from $27.00) on shares of Arconic in a report on Tuesday, September 26th. Cowen reissued a “hold” rating and set a $25.00 target price on shares of Arconic in a report on Wednesday, January 3rd. Wells Fargo & Co began coverage on Arconic in a research report on Thursday, January 4th. They set an “outperform” rating and a $35.00 price objective for the company. BidaskClub upgraded Arconic from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Morgan Stanley reiterated a “hold” rating and issued a $27.00 target price on shares of Arconic in a research report on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.44.

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About Arconic

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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