In a report released today, Gautam Khanna from Cowen & Co. maintained a Hold rating on Arconic Inc (ARNC), with a price target of $17. The company’s shares closed yesterday at $17.49.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.8% and a 71.4% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Harris.
Arconic Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.60.
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Based on Arconic Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.47 billion and net profit of $218 million. In comparison, last year the company earned revenue of $3.27 billion and had a GAAP net loss of $727 million.
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Arconic, Inc. engages in the manufacturing and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions.
