Alcoa Co. (NYSE:AA) Receives $46.55 Consensus Price Target from Brokerages

Alcoa Co. (NYSE:AA) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $46.55.

A number of equities research analysts recently weighed in on AA shares. B. Riley raised shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. BMO Capital Markets upped their target price on Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th. Bank of America raised their price target on Alcoa to $58.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Morgan Stanley lowered their price objective on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th.

Institutional Trading of Alcoa

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in shares of Alcoa by 481.7% during the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 631 shares during the period. SBI Securities Co. Ltd. bought a new position in Alcoa during the 4th quarter valued at $29,000. Smartleaf Asset Management LLC increased its position in shares of Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 393 shares during the period. Quarry LP bought a new stake in shares of Alcoa in the 3rd quarter worth $43,000. Finally, Continuum Advisory LLC lifted its holdings in shares of Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,070 shares during the period. 82.39% of the stock is currently owned by institutional investors.

Alcoa Trading Up 0.5 %

NYSE:AA opened at $36.12 on Monday. Alcoa has a 52 week low of $24.86 and a 52 week high of $47.77. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The company has a market cap of $9.33 billion, a PE ratio of -225.77, a P/E/G ratio of 0.20 and a beta of 2.43. The business’s 50 day moving average is $38.20 and its two-hundred day moving average is $37.56.

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

About Alcoa

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.