In a report released today, Gautam Khanna from Cowen & Co. maintained a Hold rating on Arconic Inc (ARNC), with a price target of $20. The company’s shares opened today at $18.10.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.6% and a 69.9% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Harris.
Currently, the analyst consensus on Arconic Inc is a Moderate Buy with an average price target of $22.20.
See today’s analyst top recommended stocks >>
Based on Arconic Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.52 billion and net profit of $161 million. In comparison, last year the company earned revenue of $3.27 billion and had a GAAP net loss of $727 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.