Here's Why You Should Invest In Arconic (ARNC) Stock Now
Zacks Investment Research | Dec 31, 2019 07:57AM ET
Arconic Inc. (NYSE:ARNC) stock looks promising at the moment. The company’s shares have surged more than 83% over the trailing 12-month period.
If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock to your portfolio as it is poised to sustain the momentum.
Let’s delve into the factors that make this company an attractive investment option.
Upbeat 2019 View
In November, Arconic raised adjusted earnings per share (EPS) guidance for 2019. The company now expects adjusted EPS at $2.07-$2.11, up from its earlier expectation of $1.95-$2.05. The revised guidance partly reflects the benefits of cost reduction actions. Moreover, the company continues to expect adjusted free cash flow to be in the band of $700-$800 million for 2019.
Arconic also expects adjusted EPS for fourth-quarter 2019 to be in the range of 49 cents to 53 cents, higher than 33 cents recorded in fourth-quarter 2018.
An Outperformer
Shares of Arconic have surged 83.1% in the past year, outperforming the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.