Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Arconic (ARNC – Research Report) today and set a price target of $33.00. The company’s shares closed last Monday at $30.00, close to its 52-week high of $31.99.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 15.4% and a 77.1% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies, Albany International, and Huntington Ingalls.
Currently, the analyst consensus on Arconic is a Strong Buy with an average price target of $35.33.
The company has a one-year high of $31.99 and a one-year low of $16.12. Currently, Arconic has an average volume of 2.71M.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock.
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Arconic, Inc. engages in the manufacture and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions. The Global Rolled Products segment produces aluminum sheet and plate.