News headlines about Alcoa (NYSE:AA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Alcoa earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.5712066015516 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Tariffs lift hopes for jobs in American mill towns (marketbeat.com)
- Violent protests in Guinea, disrupt some bauxite shipments (finance.yahoo.com)
- Yahoo Finance Live: The Final Round – Mar 8th, 2018 (finance.yahoo.com)
- After Trump’s Announcement Of Steel, Aluminum Tariffs, The Sell-Side Reacts – Benzinga (benzinga.com)
- ValuEngine Weekly: Transportation Stocks, Alcoa Aluminum, and More (feedproxy.google.com)
Shares of Alcoa (NYSE:AA) traded down $2.02 during trading on Wednesday, reaching $46.57. 4,116,951 shares of the company’s stock traded hands, compared to its average volume of 4,300,157. The company has a market cap of $8,680.00 and a PE ratio of 36.67. Alcoa has a one year low of $29.55 and a one year high of $57.50. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.
AA has been the topic of a number of analyst reports. Bank of America restated a “buy” rating and issued a $63.00 target price (down previously from $67.00) on shares of Alcoa in a report on Thursday, January 18th. Citigroup raised their price objective on shares of Alcoa to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 target price on shares of Alcoa in a report on Friday, December 22nd. Morgan Stanley set a $55.00 price target on shares of Alcoa and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, ValuEngine raised shares of Alcoa from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Alcoa has a consensus rating of “Buy” and a consensus target price of $57.72.
In related news, COO Tomas Mar Sigurdsson sold 10,000 shares of Alcoa stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total value of $513,700.00. Following the sale, the chief operating officer now owns 46,832 shares of the company’s stock, valued at approximately $2,405,759.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William F. Oplinger sold 229,475 shares of Alcoa stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following the completion of the sale, the vice president now directly owns 108,915 shares in the company, valued at approximately $5,757,246.90. The disclosure for this sale can be found here.
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Alcoa Company Profile
Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.
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