News headlines about Arconic (NYSE:ARNC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Arconic earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.8648992650041 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Will These Stocks Remain Hot? Arconic Inc. (ARNC), Community Health Systems, Inc. (CYH) – Market Movers (financialqz.com)
- Are Analysts Viewing Arconic Inc. (:ARNC) Positively? – Clawson News (clawsonnews.com)
- Arconic Appoints Dave Miller to Join Board of Directors (finance.yahoo.com)
- Arconic Inc. (ARNC) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Zacks Investment Research Upgrades Arconic (ARNC) to Hold (americanbankingnews.com)
Shares of Arconic (NYSE:ARNC) traded up $0.02 during trading hours on Tuesday, hitting $25.63. The stock had a trading volume of 2,579,353 shares, compared to its average volume of 4,101,719. The company has a market capitalization of $12,177.50, a P/E ratio of 24.80 and a beta of 0.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.38 and a current ratio of 2.30. Arconic has a 1 year low of $18.47 and a 1 year high of $30.69.
The firm also recently declared a quarterly dividend, which was paid on Saturday, November 25th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, November 2nd. Arconic’s payout ratio is currently -15.09%.
Several equities research analysts have commented on the company. Vetr downgraded Arconic from a “strong-buy” rating to a “hold” rating and set a $27.98 target price on the stock. in a report on Monday, October 9th. Zacks Investment Research downgraded Arconic from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Cowen reissued a “hold” rating and issued a $25.00 target price on shares of Arconic in a report on Thursday, October 19th. BidaskClub raised Arconic from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Seaport Global Securities reissued a “buy” rating and issued a $29.00 target price (up from $27.00) on shares of Arconic in a report on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.75.
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Arconic Company Profile
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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