News articles about Arconic (NYSE:ARNC) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press 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 -1 to 1, with scores nearest to one being the most favorable. Arconic earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 47.0172898707271 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Attention Seeking Stock – Arconic Inc (NYSE: ARNC) – Alpha Beta Stock (alphabetastock.com)
- Arconic Inc (ARNC) Expected to Post Quarterly Sales of $3.33 Billion (americanbankingnews.com)
- Arconic Inc (ARNC) Plans $0.06 Quarterly Dividend (americanbankingnews.com)
- $0.37 EPS Expected for Arconic Inc (ARNC) This Quarter (americanbankingnews.com)
- Arconic Tempers Expectations for 2018: Cue the Buyout Rumors? (finance.yahoo.com)
Shares of Arconic (NYSE:ARNC) traded up $0.14 on Friday, hitting $25.36. 5,351,530 shares of the stock traded hands, compared to its average volume of 4,510,000. The company has a market capitalization of $12,210.00, a price-to-earnings ratio of -97.54, a PEG ratio of 0.85 and a beta of 0.93. Arconic has a 52 week low of $21.75 and a 52 week high of $31.17. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.26 and a quick ratio of 1.38.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 4th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, May 3rd. Arconic’s payout ratio is presently -92.31%.
ARNC has been the topic of several analyst reports. Seaport Global Securities reaffirmed a “buy” rating and set a $33.00 price target on shares of Arconic in a research report on Monday, January 22nd. Deutsche Bank set a $31.00 price target on shares of Arconic and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Vetr lowered shares of Arconic from a “buy” rating to a “hold” rating and set a $27.97 price target on the stock. in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Arconic from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Cowen reaffirmed a “hold” rating and set a $25.00 price target on shares of Arconic in a research report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Arconic presently has an average rating of “Buy” and a consensus target price of $29.77.
In related news, Director David P. Hess acquired 40,300 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $24.80 per share, with a total value of $999,440.00. Following the completion of the transaction, the director now directly owns 127,870 shares of the company’s stock, valued at $3,171,176. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Arconic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arconic and related companies with MarketBeat.com's FREE daily email newsletter.