Alcoa Corp (AA) Receives $39.33 Average PT from Analysts

Share on StockTwits

Alcoa Corp (NYSE:AA) has earned an average rating of “Buy” from the sixteen analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $39.33.

A number of research firms have recently weighed in on AA. Morgan Stanley lowered their price target on shares of Alcoa from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Zacks Investment Research cut shares of Alcoa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. Gabelli raised shares of Alcoa from a “hold” rating to a “buy” rating in a research note on Monday, April 22nd. BMO Capital Markets lowered their price target on shares of Alcoa from $40.00 to $1.01 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alcoa from $60.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC grew its stake in Alcoa by 8.1% in the 4th quarter. Cerebellum GP LLC now owns 4,798 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 361 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Alcoa by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 19,844 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 380 shares during the last quarter. Parallel Advisors LLC grew its stake in Alcoa by 143.3% in the 1st quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 589 shares during the last quarter. US Bancorp DE grew its stake in Alcoa by 7.9% in the 1st quarter. US Bancorp DE now owns 8,048 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 592 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Alcoa by 0.3% during the 1st quarter. Jennison Associates LLC now owns 249,415 shares of the industrial products company’s stock worth $7,024,000 after purchasing an additional 629 shares during the last quarter.

Shares of NYSE:AA traded up $0.23 on Monday, reaching $25.04. 3,550,959 shares of the company were exchanged, compared to its average volume of 3,745,811. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.24. Alcoa has a 1-year low of $23.88 and a 1-year high of $54.51. The stock has a market cap of $4.65 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 5.37 and a beta of 1.04.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.06). Alcoa had a positive return on equity of 6.71% and a negative net margin of 0.94%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities analysts anticipate that Alcoa will post 1.15 earnings per share for the current year.

Alcoa Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

Further Reading: What are the benefits of a balanced fund?

Analyst Recommendations for Alcoa (NYSE:AA)

Receive News & Ratings for Alcoa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Kite Realty Group Trust  Downgraded by ValuEngine to “Strong Sell”
Kite Realty Group Trust Downgraded by ValuEngine to “Strong Sell”
Target  Upgraded at Citigroup
Target Upgraded at Citigroup
Synlogic  Downgraded to “Sell” at Citigroup
Synlogic Downgraded to “Sell” at Citigroup
Trevi Therapeutics  Stock Rating Lowered by Zacks Investment Research
Trevi Therapeutics Stock Rating Lowered by Zacks Investment Research
B. Riley Analysts Give Urban Outfitters  a $23.00 Price Target
B. Riley Analysts Give Urban Outfitters a $23.00 Price Target
Loop Capital Boosts Home Depot  Price Target to $200.00
Loop Capital Boosts Home Depot Price Target to $200.00


 
© 2006-2019 Zolmax.