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Arconic (ARNC) Receives a Buy from J.P. Morgan

J.P. Morgan analyst Michael Glick maintained a Buy rating on Arconic (ARNCResearch Report) on May 5 and set a price target of $35.00. The company’s shares closed last Friday at $26.25.

According to TipRanks.com, Glick is ranked #5883 out of 7883 analysts.

Currently, the analyst consensus on Arconic is a Moderate Buy with an average price target of $34.50, which is a 36.0% upside from current levels. In a report issued on May 4, Deutsche Bank also maintained a Buy rating on the stock with a $34.00 price target.

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The company has a one-year high of $38.49 and a one-year low of $22.45. Currently, Arconic has an average volume of 1.4M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARNC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Arconic Corp is engaged in manufacturing of aluminum sheet, plate, extrusions, and architectural products, serving the ground transportation, aerospace, building and construction, industrial, and packaging end-markets. The firm’s operating segments include Rolled Products, Extrusions, and Building and Construction Systems (BCS). It generates a majority of its revenue from the Rolled Products segment.

Read More on ARNC:

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