Arconic stock: buy or sell?

ARNC stock price: $31.02 -0.13% At close on November 19th, 2019

Updated on:
November 19th, 2019

3

After climbing for 4 sessions, Tuesday Arconic remained stable a neutral -0.13%, closing at $31.02.

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?

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Check the only buy setup that matches with Arconic stock now:

Buy setupElegible
New all-time highNo
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Arconic stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 5 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.
Is ARNC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-7BarclaysEqual WeightOverweight
2019-7-18Longbow ResearchBuyNeutral
2019-7-1Jefferies Financial Groupn/aBuy
2019-5-2Goldman Sachs GroupNeutralBuy
2019-2-8Cowenn/aHold

Arconic stock analysis

Daily outlook

After climbing for 4 days, Tuesday Arconic remained constant a neutral -0.13%, closing at $31.02.

After climbing for 4 sessions, Tuesday Arconic remained constant a neutral -0.13%, closing at $31.02. From a daily perspective, ARNC is in a short term uptrend after plotting its last bottom ($28.76, on November/8) higher than the previous bottom, and its last top ($31.23, yesterday) also over the previous top. Now trading in between its last bottom and last top ARNC might consolidate in a plain range, waiting to break out over $31.23 or down under $28.76. Since price and SMA100d lines crossed up on Oct 9th, ARNC climbed $6.17 (24.83%).

ARNC stock chart (daily)

Weekly outlook

After boosting an outstanding 6.12% in a week last week, Arconic closed this week at $31.02 and stepped up a slightly good 0.52%. For 5 weeks in a row, price climbed and marked a profit of 15.25%. Late September ARNC collapsed a bloodcurdling -6.62% in just one week.

Arconic shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late September, ARNC stock climbed unceasignly breaking out above its last top at $27.39. Since mid June when SMA20w and SMA40w crossed up, ARNC price gained $8.07 per share (35.16%). Since late April when ARNC stock price broke up the SMA40w line, it gained $11.03 (55.18%).

ARNC stock chart (weekly)

Arconic stock price history

Arconic stock historical price chart

ARNC stock reached 52-week highs yesterday at $31.23, and all-time highs 2007-07-16 with a price of 92.9.

Arconic stock price target is $26.80

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. 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 month we found 4 price targets for Arconic stock:
ARNC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-7BarclaysUpgrades$20.00$31.0055%
2019-7-1Jefferies Financial GroupRaises Target$23.00$30.0030.4%
2019-5-2Goldman Sachs GroupUpgrades$21.00$26.0023.8%
2019-2-8CowenReiteratesn/a$20.00-
(in average)$21.30$26.8026.0%
The price forecast for Arconic stock is $26.80, moving in a range between $31.00 and $20.00. In average, analysts' outlook on ARNC price target is positive, increasing the target by a 26.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Arconic reported its latest financial data, posting a fine growth for the Earnings per Share (EPS). Experts were expecting $0.30 per share, but Arconic posted $0.33.
ARNC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.46n/a
2017-Q32017-10-230.270.26-3.7%
2017-Q42018-02-050.240.3129.2%
2018-Q12018-04-300.320.346.3%
2018-Q22018-07-310.290.3727.6%
2018-Q32018-10-300.30.326.7%
2018-Q42019-02-080.30.3310.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an excellent increase of 8.13% to $14,014.00 M dollars. Nevertheless, its profit margin (compared to revenues) jumped to 4.58%, that is $642.00 million.

ARNC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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$12,960 M4.57%$-74.00 M-0.6%-92.14%
2018$14,014 M8.13%$642 M4.6%-967.57%

Quarterly financial results

Arconic reported $3,472.00 million in sales for 2018-Q4, a -1.48% less compared to previous quarter. Reported quarter earnings marked $218.00 million with a profit margin of 6.28%. Profit margin gained 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 very good gain and escalated a 6.14%. Looking back to recent quarterly results, Arconic posted 2 positive quarters in a row.
ARNC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$3,260 M-$212 M6.5%-
2017-Q3$3,236 M-0.74%$119 M3.7%-43.87%
2017-Q4$3,271 M1.08%$-727 M-22.2%-710.92%
2018-Q1$3,445 M5.32%$143 M4.2%-119.67%
2018-Q2$3,573 M3.72%$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 M1.99%$187 M5.3%-14.22%

Arconic ownership

When you are planning to buy a stock, it's always worth to review its ownership structure.

Arconic shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.34% of all shares.

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:

ARNCAPWCKALU
Market cap$13.4 B$19.6 M$1.7 B
Total shares433.4 M13.8 M15.9 M
Float shares388.1 M3.2 M15.5 M
  - Institutional holdings (%)90.5%5.6%100.6%
  - Insider holdings (%)0.3%75.5%3.3%
Shares in short selling0.0%0.0%0.0%

Arconic summary

Tuesday, November 19th, 2019
Open$31.04
Close$31.02
Day range$30.92 - $31.09
Previous close$31.06
Session gain-0.13%
Average true range$0.65
50d mov avg$27.39
100d mov avg$26.37
200d mov avg$23.52
Daily patternlt06a
Weekly pattern lb03c

Arconic performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Arconic performance to Asia Pacific Wire & Cable and Kaiser Aluminum:
Stock3m6m12m
ARNCArconic27.71%39.60%52.21%
APWCAsia Pacific Wire...-29.00%-36.89%-35.45%
KALUKaiser Aluminum28.31%21.05%19.24%

Arconic competitors

Creating a list of competitors for Arconic it's a hard job. We selected 2 public companies that are related to and can be considered as competitors of Arconic:

Latest Arconic stock news