Credit Suisse Reaffirms Their Buy Rating on Arconic (ARNC)


Credit Suisse analyst Curt Woodworth maintained a Buy rating on Arconic (ARNC) today and set a price target of $22.00. The company’s shares closed last Wednesday at $10.57.

According to TipRanks.com, Woodworth is a 4-star analyst with an average return of 7.0% and a 53.5% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Turquoise Hill Resources, and First Quantum Minerals.

Currently, the analyst consensus on Arconic is a Moderate Buy with an average price target of $19.50.

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Arconic’s market cap is currently $1.01B and has a P/E ratio of 4.50. The company has a Price to Book ratio of 0.43.

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Arconic Corp is engaged in manufacturing of aluminum sheet, plate, extrusions, and architectural products, serving the ground transportation, aerospace, building and construction, industrial, and packaging end-markets. The firm’s operating segments include Rolled Products, Extrusions, and Building and Construction Systems (BCS). It generates a majority of its revenue from the Rolled Products segment.

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