Alcoa Co. (NYSE:AA) Receives $91.67 Consensus PT from Analysts

Shares of Alcoa Co. (NYSE:AAGet Rating) have received an average rating of “Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $91.67.

A number of equities analysts have weighed in on the company. B. Riley boosted their price objective on Alcoa from $55.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on Alcoa from $65.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, March 10th. Zacks Investment Research upgraded Alcoa from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Wednesday, February 16th. StockNews.com downgraded Alcoa from a “buy” rating to a “hold” rating in a research report on Friday, March 25th. Finally, Morgan Stanley downgraded Alcoa from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $78.00 to $100.00 in a report on Wednesday, March 23rd.

In other news, CEO Roy Christopher Harvey sold 238,147 shares of the company’s stock in a transaction dated Wednesday, January 26th. The stock was sold at an average price of $60.62, for a total transaction of $14,436,471.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey D. Heeter sold 29,440 shares of the company’s stock in a transaction dated Tuesday, January 25th. The stock was sold at an average price of $60.31, for a total value of $1,775,526.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 326,109 shares of company stock worth $20,224,090.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. boosted its position in shares of Alcoa by 81.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 538 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 241 shares during the period. Allworth Financial LP boosted its position in shares of Alcoa by 78.0% in the 3rd quarter. Allworth Financial LP now owns 543 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 238 shares during the period. Sandy Spring Bank acquired a new stake in shares of Alcoa in the 3rd quarter valued at about $30,000. CWM LLC acquired a new stake in shares of Alcoa in the 4th quarter valued at about $30,000. Finally, Retirement Group LLC boosted its position in shares of Alcoa by 100.0% in the 4th quarter. Retirement Group LLC now owns 500 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 250 shares during the period.

Shares of NYSE:AA opened at $87.77 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.56 and a quick ratio of 0.95. The business’s 50 day moving average price is $81.86 and its 200-day moving average price is $62.90. The firm has a market capitalization of $16.18 billion, a PE ratio of 39.71 and a beta of 2.30. Alcoa has a 1 year low of $31.00 and a 1 year high of $98.09.

Alcoa (NYSE:AAGet Rating) last released its quarterly earnings data on Wednesday, January 19th. The industrial products company reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.46. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a return on equity of 23.54% and a net margin of 3.53%. The firm’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, analysts expect that Alcoa will post 13.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Tuesday, March 8th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 7th. This represents a $0.40 annualized dividend and a yield of 0.46%. Alcoa’s dividend payout ratio (DPR) is 18.10%.

About Alcoa (Get Rating)

Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina.

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Analyst Recommendations for Alcoa (NYSE:AA)

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