Alcoa Co. (NYSE:AA) Given Average Rating of “Buy” by Analysts

Alcoa Co. (NYSE:AAGet Rating) has been assigned an average recommendation of “Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $92.83.

A number of research firms recently weighed in on AA. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Alcoa from $65.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, March 10th. JPMorgan Chase & Co. boosted their price objective on Alcoa from $67.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Citigroup cut Alcoa from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, April 21st. BMO Capital Markets reduced their target price on Alcoa from $99.00 to $95.00 in a report on Thursday, April 21st. Finally, Zacks Investment Research raised shares of Alcoa from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Wednesday, February 16th.

In other Alcoa news, EVP John D. Slaven sold 28,326 shares of the business’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $75.33, for a total value of $2,133,797.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several large investors have recently modified their holdings of AA. Theleme Partners LLP bought a new position in shares of Alcoa during the third quarter valued at approximately $240,198,000. Bank of New York Mellon Corp raised its holdings in Alcoa by 703.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,186,065 shares of the industrial products company’s stock worth $253,806,000 after purchasing an additional 4,540,973 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Alcoa by 1,748.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,437,142 shares of the industrial products company’s stock worth $262,723,000 after purchasing an additional 4,197,142 shares during the period. Soroban Capital Partners LP bought a new stake in shares of Alcoa during the 4th quarter valued at about $226,347,000. Finally, Egerton Capital UK LLP bought a new stake in shares of Alcoa during the first quarter valued at approximately $317,854,000.

AA stock opened at $54.21 on Tuesday. The stock has a fifty day moving average of $80.78 and a 200-day moving average of $65.64. Alcoa has a fifty-two week low of $31.00 and a fifty-two week high of $98.09. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.76 and a beta of 2.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 1.62.

Alcoa (NYSE:AAGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The industrial products company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.92 by $0.14. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.46 billion. Alcoa had a net margin of 5.75% and a return on equity of 29.44%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. Equities analysts predict that Alcoa will post 13.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Tuesday, May 17th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, May 16th. Alcoa’s payout ratio is currently 10.61%.

Alcoa Company Profile (Get Rating)

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 three segments: Bauxite, 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.

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Analyst Recommendations for Alcoa (NYSE:AA)

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