Arconic Inc Gets a Hold Rating from Morgan Stanley

By Ryan Adsit

Morgan Stanley analyst Rajeev Lalwani maintained a Hold rating on Arconic Inc (NYSE: ARNC) today and set a price target of $27. The company’s shares closed yesterday at $22.96, close to its 52-week low of $21.76.

According to TipRanks.com, Lalwani is a 3-star analyst with an average return of 5.3% and a 55.7% success rate. Lalwani covers the Services sector, focusing on stocks such as United Continental, Hawaiian Holdings, and Alaska Air.

Currently, the analyst consensus on Arconic Inc is Hold and the average price target is $27, representing a 17.6% upside.

In a report issued on March 29, Barclays also initiated coverage with a Hold rating on the stock with a $26 price target.

The company has a one-year high of $31.17 and a one-year low of $21.76. Currently, Arconic Inc has an average volume of 3.9M.

Based on the recent corporate insider activity of 25 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, Inc. engages in the manufacturing and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions.