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Arconic (NYSE:ARNC) stock on the rise, up 25% in the past 3 months

  • During the past three months only, Arconic’s shares have gone up around 25%;
  • Analysts have revised their estimates upwards for Arconic twice in the past 60 days;
  • Arconic currently has a Zacks Rank #1 (Strong Buy).

Arconic Inc.’s (NYSE:ARNC) looks like it has great growth potential, which makes it interesting for the investors. During the past three months only, Arconic’s shares have gone up around 25%. Arconic has significantly outperformed the industry over the past 12 months. The company’s shares have gained 29.6%, while the industry declined by 29.1% in the same period. Arconic has also beaten the S&P 500’s gain of 3.3% for the same period.

Analysts have revised their estimates upwards for Arconic twice in the past 60 days. The Zacks Consensus Estimate for 2019 has increased by around 8.4% in that time period. The Zacks Consensus Estimate for Q2 2019 has also moved up by around 9.3% in the same time period.