Alcoa Co. (NYSE:AA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Alcoa Co. (NYSE:AA) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.33.

Several equities research analysts have recently weighed in on AA shares. UBS Group boosted their target price on shares of Alcoa from $27.00 to $32.00 and gave the stock a “sell” rating in a research report on Friday, April 19th. Bank of America increased their target price on Alcoa from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup boosted their price target on Alcoa from $32.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. B. Riley raised their price objective on Alcoa from $25.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Finally, Jefferies Financial Group boosted their target price on shares of Alcoa from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, April 18th.

Alcoa Stock Performance

Shares of AA stock opened at $38.82 on Friday. The company’s fifty day moving average price is $39.47 and its two-hundred day moving average price is $33.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.93. The firm has a market capitalization of $6.97 billion, a P/E ratio of -10.32 and a beta of 2.46. Alcoa has a 12 month low of $23.07 and a 12 month high of $45.48.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.51%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) earnings per share. On average, research analysts anticipate that Alcoa will post 0.54 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, May 20th. Alcoa’s payout ratio is currently -10.64%.

Hedge Funds Weigh In On Alcoa

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Spire Wealth Management increased its stake in shares of Alcoa by 252.5% during the first quarter. Spire Wealth Management now owns 899 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 644 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in Alcoa in the 4th quarter valued at about $31,000. Private Wealth Management Group LLC bought a new position in shares of Alcoa during the 4th quarter valued at about $33,000. Quent Capital LLC grew its stake in shares of Alcoa by 64.2% in the 4th quarter. Quent Capital LLC now owns 990 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 387 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in shares of Alcoa in the 4th quarter worth approximately $39,000.

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.