Rare Value And Growth Stock Opportunity: Arconic Inc. (ARNC), TTM Technologies, Inc. (TTMI)

    The shares of Arconic Inc. (NYSE:ARNC) has been pegged with a rating of Overweight by Barclays in its latest research note that was published on August 7th, 2019. The research company has also assigned a $31 price target. Barclays wasn’t the only research firm that published a report of Arconic Inc., with other equities research analysts also giving their opinion on the stock. Longbow advised investors in its research note published on July 18th, 2019, to Neutral the ARNC stock. The stock had earned Buy rating from Goldman when it published its report on May 2nd, 2019. That day the Goldman set price target on the stock to $26. The stock was given Neutral rating by JP Morgan in its report released on January 14th, 2019. Longbow was of a view that ARNC is Buy in its latest report on December 20th, 2018. Longbow thinks that ARNC is worth Neutral rating. This was contained in the firm’s report on September 17th, 2018.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $27.88. The price of the stock the last time has raised by 60.59% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 52.49.

    The shares of the company dipped by -0.40% during the trading session on Thursday, reaching a low of $24.96 while ending the day at $25.10. During the trading session, a total of 1.6 million shares were traded which represents a 47.52% incline from the average session volume which is 3.04M shares. ARNC had ended its last session trading at 25.20. Arconic Inc. currently has a market cap of $11.17B, while its P/E ratio stands at 25.20, while its P/E earnings growth sits at 0.79, with a beta of 1.46. Arconic Inc. debt-to-equity ratio currently stands at 1.32, while its quick ratio hovers at 0.90. ARNC 52-week low price stands at $15.63 while its 52-week high price is $26.40.

    The company in its last quarterly report recorded $0.58 earnings per share which is above the $0.50 predicted by most analysts. The Arconic Inc. generated $3,691.00 million in revenue during the last quarter, which is slightly higher than the $3,632.24 million predicted by analysts. In the second quarter last year, the firm recorded $0.43 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 25.86%. Arconic Inc. has the potential to record 1.00 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at JP Morgan published a research note on August 5th, 2019 where it informed investors and clients that TTM Technologies, Inc. (NASDAQ:TTMI) is now rated as Neutral. Their price target on the stock stands at $14. Longbow also rated TTMI as Downgrade on July 18th, 2019, with its price target of $7 suggesting that TTMI could surge by 25.33% from its current share price. Even though the stock has been trading at $10.44/share, analysts expect it to surge higher by 2.49% to reach $14.33/share. It started the day trading at $10.78 and traded between $10.47 and $10.70 throughout the trading session.

    A look at its technical shows that TTMI’s 50-day SMA is 10.06 while its 200-day SMA stands at 11.01. The stock has a high of $18.94 for the year while the low is $8.49. The company’s P/E ratio currently sits at 17.89, while the P/B ratio is 0.91. At the moment, only of TTM Technologies, Inc. shares were sold short. The company’s average trading volume currently stands at 1.15M shares, which means that the short-interest ratio is just 10.61 days. Over the past seven days, the company moved, with its shift of 7.86%. Looking further, the stock has raised 13.95% over the past 90 days while it lost -13.50% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more TTMI shares, increasing its portfolio by +0.43% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 55,565 shares in the last quarter, thus it now holds 12,987,919 shares of TTMI, with a total valuation of $135,853,633. Fidelity Management Research Co meanwhile sold more TTMI shares in the recently filed quarter, changing its stake to $134,708,305 worth of shares. The Vanguard Group Inc followed the path by decreasing its TTMI portfolio by -8.45% in the quarter. This means that The Vanguard Group Inc sold -928,614 shares in the last quarter and now controls 10,062,945 shares of the TTMI stock, with the valuation hitting $105,258,405.

    Similarly, AllianceBernstein LP increased its TTM Technologies, Inc. shares by +293.67% during the recently filed quarter. After buying 3,699,615 shares in the last quarter, the firm now controls 4,959,400 shares of TTM Technologies, Inc. which are valued at $51,875,324. In the same vein, LSV Asset Management increased its TTM Technologies, Inc. shares by during the most recent reported quarter. The firm bought 600 shares during the quarter which increased its stakes to 4,343,484 shares and is now valued at $45,432,843. Following these latest developments, around 2.10% of TTM Technologies, Inc. stocks are owned by institutional investors and hedge funds.