Arconic Inc (ARNC) Receives a Hold from Cowen & Co.


Cowen & Co. analyst Gautam Khanna maintained a Hold rating on Arconic Inc (ARNC) today and set a price target of $17. The company’s shares opened today at $18.24, close to its 52-week low of $18.22.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.6% and a 69.7% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Arconic Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.20.

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Arconic Inc’s market cap is currently $8.94B and has a P/E ratio of 22.26. The company has a Price to Book ratio of 0.92.

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Arconic, Inc. engages in the manufacture and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions. The Global Rolled Products segment produces aluminum sheet and plate.

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