Longbow Research Upgrades Rating On Arconic Inc. (ARNC)


Arconic Inc. (NYSE:ARNC).

On July 13 the stock rating was upgraded to “Buy” from “” in a report issued by Seaport Global. On July 10 the company was upgraded from “” to “Overweight” by analysts at JP Morgan.

The company is up since yesterday’s close of $24.3. Arconic Inc. announced a dividend to be paid on Friday August 25th, 2017. The dividend will be $0.060 per share for the quarter or $0.24 on an annualized basis. The dividend yield will be $0.99. The ex-dividend date will be Wednesday the 2nd of August 2017.

It is trading at $24.48 which is just under the 50 day moving average of $24.57 and which is significantly below the 200 day moving average of $26.42. The 50 day moving average went down $-0.09 or -0.35% and the 200 day average went down $-1.94 or -7.36%.

Arconic Inc develops and manufactures engineered products and solutions for the aerospace, industrial gas turbine, commercial transportation and oil and gas markets..

As of the last earnings report the EPS was $-1.43 and is estimated to be $1.18 for the current year with 441,031,000 shares outstanding. Next quarter’s EPS is estimated at $0.25 and the next full year EPS is anticipated to be $1.54.