UBS Group Has Lowered Expectations for Alcoa (NYSE:AA) Stock Price

Alcoa (NYSE:AA) had its price objective trimmed by UBS Group from $53.00 to $47.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. BMO Capital Markets lifted their target price on shares of Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th. Morgan Stanley decreased their target price on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Bank of America lifted their price objective on shares of Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.92.

Alcoa Price Performance

Shares of AA opened at $30.58 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company’s fifty day moving average price is $34.75 and its 200-day moving average price is $38.13. Alcoa has a 1-year low of $27.12 and a 1-year high of $47.77. The firm has a market capitalization of $7.92 billion, a PE ratio of -191.15, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, equities research analysts predict that Alcoa will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa’s dividend payout ratio is currently -250.00%.

Institutional Trading of Alcoa

A number of hedge funds and other institutional investors have recently made changes to their positions in AA. Wellington Management Group LLP lifted its position in Alcoa by 488.2% in the fourth quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company’s stock valued at $30,320,000 after buying an additional 666,117 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Alcoa by 5.8% in the 4th quarter. California State Teachers Retirement System now owns 240,870 shares of the industrial products company’s stock valued at $9,100,000 after acquiring an additional 13,137 shares during the period. 111 Capital acquired a new position in shares of Alcoa in the 4th quarter worth approximately $493,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Alcoa by 14.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,467 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 1,337 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Alcoa by 536.9% in the 4th quarter. Mackenzie Financial Corp now owns 645,140 shares of the industrial products company’s stock valued at $24,373,000 after purchasing an additional 543,853 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.