Arconic stock: buy or sell?
August 23rd, 2019
Arconic Inc. engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. It operates through three segments: Engineered Products and Solutions, Global Rolled Products, and Transportation and Construction Solutions.
Should I buy Arconic stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Arconic stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Arconic stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we gathered 6 ratings published for ARNC stock in the last 30 days. The general sentiment of these ratings is bullish for ARNC stock, with 3 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-1||Jefferies Financial Group||n/a||Buy|
|2019-5-2||Goldman Sachs Group||Neutral||Buy|
|2019-1-14||JPMorgan Chase & Co.||Overweight||Neutral|
Arconic stock analysis
Arconic slipped a terrible -3.11% and closed at $24.32.
Arconic slipped a terrible -3.11% and closed at $24.32. On June, SMA100d and SMA200d crossed up triggering a rise of 0.79%. On April ARNC price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock.
Arconic declined a tragic -2.09% this week. Late July ARNC plummed a frightening -8.25% in just one week. Early August ARNC boosted an outstanding 5.79% in just one week.
From a weekly outlook, ARNC marked an uptrend of rising tops and rising bottoms. Since its last top early July at $26.38, price slid and bounced up back from $23.15. Breaking down under $23.15 would cancel the current uptrend and it might test lower supports. Note that $26.38 might act as a resistance line. By mid June, SMA20w and SMA40w crossed up triggering a rise of 5.92%. Since price and SMA40w lines crossed up late April, ARNC climbed $4.31 (21.54%).
Arconic stock price history
Arconic stock historical price chart
ARNC stock reached 52-week highs on July at $26.38, and all-time highs 2007-07-16 with a price of 92.96.
Arconic stock price target is $26.80Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' ARNC stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 4 price forecasts for Arconic stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-1||Jefferies Financial Group||Raises Target||$23.00||$30.00||30.4%|
|2019-5-2||Goldman Sachs Group||Upgrades||$21.00||$26.00||23.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Arconic reported its latest financial data, posting a beatiful gain for the Earnings per Share (EPS). Analyst were expecting $0.30 per share, but Arconic posted $0.33.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a great increase of 8.13% to $14,014.00 million USD. Instead, its earnings margin (compared to sales) rose to 4.58%, that is $642.00 million.
|2014||$12,542 M||-||$268 M2.1%||-|
|2015||$12,413 M||-1.03%||$-322.00 M-2.6%||-220.15%|
|2016||$12,394 M||-0.15%||$-941.00 M-7.6%||192.24%|
|2017||$12,960 M||4.57%||$-74.00 M-0.6%||-92.14%|
|2018||$14,014 M||8.13%||$642 M4.6%||-967.57%|
Quarterly financial resultsArconic posted $3,472.00 million in revenues for 2018-Q4, a -1.48% decline compared to previous quarter. Reported quarter earnings marked $218.00 million with a profit margin of 6.28%. Profit margin inched a 1.71% compared to previous quarter when profit margin was 4.57%. When comparing turnover to same quarter last year, Arconic sales marked a remarkable gain and escalated a 6.14%. Looking back to recent quarterly results, Arconic posted 2 negative quarters in a row.
|2017-Q2||$3,260 M||-||$212 M6.5%||-|
|2017-Q3||$3,236 M||-0.74%||$119 M3.7%||-43.87%|
|2017-Q4||$3,271 M||1.08%||$-727 M-22.2%||-710.92%|
|2018-Q1||$3,445 M||5.32%||$143 M4.2%||-119.67%|
|2018-Q2||$3,573 M||3.72%||$120 M3.4%||-16.08%|
|2018-Q3||$3,524 M||-1.37%||$161 M4.6%||34.17%|
|2018-Q4||$3,472 M||-1.48%||$218 M6.3%||35.40%|
|2019-Q1||$3,541 M||1.99%||$187 M5.3%||-14.22%|
Arconic ownershipWhen you are planning to invest in a company, it's worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Arconic, 0.34% of all outstanding shares are owned by its staff.
Bearish positions for ARNC stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Arconic:
|Market cap||$11.0 B||$28.2 M||$1.4 B|
|Total shares||453.1 M||13.8 M||16.1 M|
|Float shares||386.8 M||3.2 M||15.5 M|
|- Institutional holdings (%)||90.5%||5.6%||100.6%|
|- Insider holdings (%)||0.3%||75.5%||3.3%|
|Shares in short selling||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$24.11 - $25.27|
|Average true range||$0.66|
|50d mov avg||$25.01|
|100d mov avg||$23.30|
|200d mov avg||$21.15|
Arconic performanceTo measure stock performance is always good to compare with competitors or related stocks. For Arconic, the benchmark is made against Asia Pacific Wire & Cable and Kaiser Aluminum.
|APWCAsia Pacific Wire...||-7.27%||-13.92%||-17.74%|
Arconic competitorsChoosing a list of competitors for Arconic it's difficult. We selected 2 public companies that are related to and can be considered as competitors of Arconic:
Latest Arconic stock news
- Seeking AlphaArconic: Back To Square One All Over AgainMarch 5, 2019
- InvestorPlaceArconic Spinoff: ARNC Stock Dips on Split PlansFebruary 8, 2019
- InvestorPlaceArconic News: Why ARNC Stock Is Plunging TodayJanuary 22, 2019
- InvestorPlaceArconic Stock Gets a Boost From Bid BuzzOctober 8, 2018
- InvestorPlaceArconic Stock Soars on Buyout BuzzJuly 16, 2018