Stock analysts at Goldman Sachs Group Inc. initiated coverage on shares of Arconic (NASDAQ:ARNC) in a research note issued on Wednesday. The firm set a “sell” rating and a $23.00 price target on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 12.03% from the company’s current price.
Separately, Macquarie assumed coverage on shares of Arconic in a research report on Tuesday, November 1st. They issued a “neutral” rating and a $21.00 target price for the company. Three equities research 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 presently has an average rating of “Hold” and an average target price of $21.00.
Shares of Arconic (NASDAQ:ARNC) traded up 1.23% on Wednesday, reaching $20.53. The company’s stock had a trading volume of 2,575,151 shares. The stock has a 50-day moving average of $19.83 and a 200 day moving average of $21.67. The stock’s market capitalization is $9.00 billion. Arconic has a 1-year low of $13.81 and a 1-year high of $25.86.
The business also recently disclosed a special dividend, which was paid on Friday, November 25th. Stockholders of record on Friday, November 11th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, November 8th.