Arconic Inc (ARNC) Receives a Hold from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Gautam Khanna maintained a Hold rating on Arconic Inc (ARNCResearch Report) yesterday and set a price target of $24. The company’s shares closed yesterday at $21.48.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.1% and a 76.9% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Currently, the analyst consensus on Arconic Inc is a Moderate Buy with an average price target of $22.33.

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Arconic Inc’s market cap is currently $10.38B and has a P/E ratio of 16.59. The company has a Price to Book ratio of 1.88.

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Arconic, Inc. engages in the manufacture and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions. The Global Rolled Products segment produces aluminum sheet and plate.