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

Alcoa Co. (NYSE:AAGet Rating) has received a consensus recommendation of “Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $92.83.

AA has been the topic of a number of research analyst reports. Credit Suisse Group lowered Alcoa from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $68.00 to $82.00 in a research note on Friday, April 8th. Wolfe Research reissued a “buy” rating and issued a $105.00 target price on shares of Alcoa in a research report on Friday, March 25th. JPMorgan Chase & Co. upped their price target on shares of Alcoa from $67.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, March 7th. StockNews.com lowered shares of Alcoa from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Finally, Morgan Stanley dropped their price objective on Alcoa from $100.00 to $96.00 and set an “equal weight” rating for the company in a report on Monday, April 25th.

In related news, EVP John D. Slaven sold 28,326 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hanseatic Management Services Inc. acquired a new position in shares of Alcoa in the 1st quarter worth approximately $25,000. Fairfield Bush & CO. acquired a new position in Alcoa in the first quarter worth $29,000. CWM LLC bought a new stake in shares of Alcoa during the 4th quarter valued at about $30,000. Retirement Group LLC grew its holdings in shares of Alcoa by 100.0% during the fourth 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 last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Alcoa by 591.7% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 664 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 568 shares during the period.

Shares of AA opened at $54.21 on Tuesday. Alcoa has a 1 year low of $31.00 and a 1 year high of $98.09. The company’s 50 day simple moving average is $80.78 and its 200 day simple moving average is $65.64. 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 issued its quarterly earnings results on Wednesday, April 20th. The industrial products company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.14. Alcoa had a return on equity of 29.44% and a net margin of 5.75%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts expect that Alcoa will post 13.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Tuesday, May 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.74%. The ex-dividend date is Monday, May 16th. Alcoa’s dividend payout ratio (DPR) is 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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