Arconic stock: buy or sell?
November 19th, 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?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Check the only buy setup that matches with Arconic stock now:
|New all-time high||No|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-1||Jefferies Financial Group||n/a||Buy|
|2019-5-2||Goldman Sachs Group||Neutral||Buy|
Arconic stock analysis
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%).
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%).
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 $26.80How 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:
|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 fine growth for the Earnings per Share (EPS). Experts 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 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.
|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 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.
|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 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:
|Market cap||$13.4 B||$19.6 M||$1.7 B|
|Total shares||433.4 M||13.8 M||15.9 M|
|Float shares||388.1 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%|
|Tuesday, November 19th, 2019|
|Day range||$30.92 - $31.09|
|Average true range||$0.65|
|50d mov avg||$27.39|
|100d mov avg||$26.37|
|200d mov avg||$23.52|
Arconic performancePerformance 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:
|APWCAsia Pacific Wire...||-29.00%||-36.89%||-35.45%|
Arconic competitorsCreating 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
- 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