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

Shares of Alcoa Co. (NYSE:AA) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $44.17.

AA has been the subject of a number of research analyst reports. HC Wainwright increased their price objective on shares of Alcoa to $90.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley cut their target price 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. UBS Group cut their target price on shares of Alcoa from $47.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of Alcoa from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Finally, Bank of America reissued an “underperform” rating and issued a $26.00 target price (down from $58.00) on shares of Alcoa in a report on Tuesday, April 8th.

Alcoa Price Performance

NYSE AA opened at $28.65 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa has a 12 month low of $21.53 and a 12 month high of $47.77. The company’s 50 day moving average is $27.96 and its two-hundred day moving average is $35.16. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of -179.06, a PEG ratio of 0.19 and a beta of 2.29.

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

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. Alcoa’s dividend payout ratio (DPR) is currently 12.05%.

Hedge Funds Weigh In On Alcoa

Several hedge funds have recently modified their holdings of AA. HB Wealth Management LLC purchased a new stake in Alcoa in the fourth quarter valued at approximately $211,000. Union Bancaire Privee UBP SA purchased a new stake in Alcoa in the fourth quarter valued at approximately $454,000. Ausbil Investment Management Ltd purchased a new stake in Alcoa in the fourth quarter valued at approximately $429,000. Fiduciary Alliance LLC purchased a new stake in Alcoa in the fourth quarter valued at approximately $1,147,000. Finally, Rheos Capital Works Inc. purchased a new stake in Alcoa in the fourth quarter valued at approximately $2,002,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

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.