Headlines about Alcoa (NYSE:AA) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alcoa earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.5712066015516 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- [$$] How Century Aluminum Won a Lonely Fight for Tariffs (finance.yahoo.com)
- Alcoa (AA) Receives New Coverage from Analysts at Goldman Sachs (americanbankingnews.com)
- Could Alcoa Gain from the Section 232 Tariffs? (finance.yahoo.com)
- Zacks: Brokerages Anticipate Alcoa Corp (AA) Will Post Quarterly Sales of $3.11 Billion (americanbankingnews.com)
- US Aluminum Producers after Section 232 Tariffs (finance.yahoo.com)
Shares of Alcoa stock traded down $0.36 during mid-day trading on Thursday, hitting $47.59. 482,428 shares of the company were exchanged, compared to its average volume of 4,060,804. The company has a quick ratio of 0.86, a current ratio of 1.30 and a debt-to-equity ratio of 0.20. The stock has a market cap of $8,651.58, a PE ratio of 41.70, a P/E/G ratio of 1.52 and a beta of 0.10. Alcoa has a 12 month low of $29.55 and a 12 month high of $57.50.
AA has been the topic of a number of recent research reports. Credit Suisse Group upgraded shares of Alcoa from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $42.00 to $61.00 in a report on Wednesday, December 20th. JPMorgan Chase & Co. lifted their target price on shares of Alcoa from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Citigroup set a $55.00 target price on shares of Alcoa and gave the stock a “buy” rating in a research note on Wednesday, November 29th. ValuEngine downgraded shares of Alcoa from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Morgan Stanley set a $55.00 price target on shares of Alcoa and gave the company a “buy” rating in a research note on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.64.
In other Alcoa news, COO Tomas Mar Sigurdsson sold 10,000 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total transaction of $513,700.00. Following the completion of the sale, the chief operating officer now owns 46,832 shares of the company’s stock, valued at approximately $2,405,759.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP William F. Oplinger sold 229,475 shares of the 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 sale, the vice president now directly owns 108,915 shares of the company’s stock, valued at approximately $5,757,246.90. The disclosure for this sale can be found here.
ILLEGAL ACTIVITY WARNING: This report was first reported by BBNS and is the sole property of of BBNS. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://baseballnewssource.com/2018/03/22/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-alcoa-aa-stock-price/1927337.html.
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.
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.