Analysts Set Alcoa Co. (NYSE:AA) Target Price at $91.67

Shares of Alcoa Co. (NYSE:AA – Get Rating) have been assigned an average rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $91.67.

A number of brokerages have weighed in on AA. BMO Capital Markets lifted their target price on Alcoa from $57.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, January 20th. Argus boosted their price target on Alcoa from $68.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Alcoa from $65.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, March 10th. The Goldman Sachs Group boosted their price target on Alcoa from $88.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, March 25th. Finally, JPMorgan Chase & Co. boosted their price target on Alcoa from $67.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, March 7th.

Shares of NYSE AA opened at $87.77 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.56 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $81.86 and a two-hundred day simple moving average of $62.90. The firm has a market cap of $16.18 billion, a PE ratio of 39.71 and a beta of 2.30. Alcoa has a twelve month low of $31.00 and a twelve month high of $98.09.

Alcoa (NYSE:AA – Get Rating) last issued its earnings results on Wednesday, January 19th. The industrial products company reported $2.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.46. The business had revenue of $3.30 billion during 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%. Alcoa’s revenue was up 38.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. On average, research analysts expect that Alcoa will post 13.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Tuesday, March 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Alcoa’s payout ratio is 18.10%.

In other news, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Slaven sold 28,326 shares of the company’s stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $75.33, for a total value of $2,133,797.58. The disclosure for this sale can be found here. Insiders sold 326,109 shares of company stock worth $20,224,090 in the last 90 days.

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

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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