Trade Report: The Arconic (ARNC) Lowered by TheStreet

The Arconic (ARNC) Lowered by TheStreet

Arconic (NASDAQ:ARNC) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other equities analysts also recently weighed in on the stock. Goldman Sachs Group Inc. initiated coverage on shares of Arconic in a research note on Wednesday, November 2nd. They issued a “sell” rating and a $23.00 target price for the company. Morgan Stanley assumed coverage on shares of Arconic in a report on Wednesday, November 2nd. They issued an “overweight” rating and a $19.00 price target for the company. Finally, Macquarie assumed coverage on shares of Arconic in a report on Tuesday, November 1st. They issued a “neutral” rating and a $21.00 price target for the company. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.00.

Arconic (NASDAQ:ARNC) traded up 1.23% during trading on Tuesday, reaching $20.53. 2,575,151 shares of the company were exchanged. Arconic has a 52-week low of $13.81 and a 52-week high of $25.86. The firm has a 50-day moving average of $19.83 and a 200-day moving average of $21.67. The firm’s market cap is $9.00 billion.

The firm also recently announced a special dividend, which was paid on Friday, November 25th. Investors of record on Friday, November 11th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, November 8th.

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