Alcoa Co. (NYSE:AA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Alcoa Co. (NYSE:AA) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $44.17.

A number of brokerages have issued reports on AA. JPMorgan Chase & Co. reduced their price target on Alcoa from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley reduced their price objective on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. HC Wainwright raised their target price on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. StockNews.com raised shares of Alcoa from a “hold” rating to a “buy” rating in a research note on Friday. Finally, B. Riley dropped their target price on Alcoa from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M

Institutional Trading of Alcoa

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Alcoa by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company’s stock valued at $981,491,000 after purchasing an additional 165,420 shares in the last quarter. Norges Bank acquired a new stake in Alcoa in the 4th quarter valued at $259,273,000. Geode Capital Management LLC grew its position in Alcoa by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company’s stock valued at $159,966,000 after acquiring an additional 39,022 shares during the period. ARGA Investment Management LP grew its position in Alcoa by 29.6% in the fourth quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company’s stock valued at $113,276,000 after acquiring an additional 684,505 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Alcoa by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company’s stock valued at $96,372,000 after acquiring an additional 192,078 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Stock Down 7.2 %

AA stock opened at $23.26 on Friday. The stock has a market cap of $6.02 billion, a PE ratio of -145.39, a price-to-earnings-growth ratio of 0.19 and a beta of 2.28. The firm’s 50-day simple moving average is $31.05 and its 200 day simple moving average is $36.95. Alcoa has a fifty-two week low of $21.53 and a fifty-two 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.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.73 by $0.42. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. As a group, sell-side analysts predict that Alcoa will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa’s dividend payout ratio is -250.00%.

Alcoa Company Profile

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.