Headlines about Arconic (NASDAQ:ARNC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arconic earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.2905191525656 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern’s scoring:

Shares of Arconic (NASDAQ:ARNC) traded up 2.30% during trading on Monday, reaching $24.95. 4,296,891 shares of the company’s stock were exchanged. The firm’s market cap is $11.00 billion. Arconic has a 12 month low of $16.75 and a 12 month high of $30.69. The stock has a 50-day moving average price of $26.65 and a 200 day moving average price of $25.51.

Arconic (NASDAQ:ARNC) last released its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3 billion. Arconic had a return on equity of 23.34% and a net margin of 10.09%. Arconic’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts forecast that Arconic will post $1.16 EPS for the current year.

Several research firms have recently issued reports on ARNC. Vetr lowered shares of Arconic from a “hold” rating to a “sell” rating and set a $27.00 target price for the company. in a research note on Monday, May 15th. Deutsche Bank AG increased their price target on shares of Arconic from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 21st. Zacks Investment Research lowered shares of Arconic from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Cowen and Company restated a “market perform” rating and set a $25.00 price target on shares of Arconic in a research report on Wednesday, March 29th. Finally, J P Morgan Chase & Co lowered shares of Arconic to a “neutral” rating and set a $30.00 price target for the company. in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Arconic has an average rating of “Hold” and an average price target of $26.73.

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In related news, Director Patrice E. Merrin acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $27.17 per share, for a total transaction of $271,700.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $135,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher L. Ayers acquired 7,325 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of $27.31 per share, with a total value of $200,045.75. Following the completion of the purchase, the director now owns 7,425 shares in the company, valued at approximately $202,776.75. The disclosure for this purchase can be found here.

About Arconic

Arconic Inc, formerly Alcoa Inc, is engaged in lightweight metals engineering and manufacturing. The Company operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. Its multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging.

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