Alcoa (NYSE:AA) Earns “Neutral” Rating from UBS Group

Alcoa (NYSE:AA)‘s stock had its “neutral” rating reissued by research analysts at UBS Group in a note issued to investors on Thursday, Marketbeat reports. They presently have a $31.00 price target on the industrial products company’s stock. UBS Group’s price objective indicates a potential upside of 5.06% from the company’s previous close.

A number of other equities research analysts also recently issued reports on AA. BMO Capital Markets increased their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of Alcoa from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Bank of America reissued an “underperform” rating and issued a $26.00 price target (down from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. HC Wainwright increased their price target on shares of Alcoa to $90.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, B. Riley decreased their price objective on shares of Alcoa from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Alcoa Trading Up 2.9%

Shares of AA opened at $29.51 on Thursday. Alcoa has a twelve month low of $21.53 and a twelve month high of $47.77. The stock has a market cap of $7.64 billion, a PE ratio of -184.42, a P/E/G ratio of 0.19 and a beta of 2.29. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $27.80 and its 200-day moving average price is $34.95.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.58 billion. On average, equities analysts forecast that Alcoa will post 4.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AA. Bessemer Group Inc. grew its position in Alcoa by 77.1% during the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 296 shares during the last quarter. Versant Capital Management Inc grew its position in Alcoa by 134.7% during the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 520 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Alcoa during the fourth quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new position in shares of Alcoa in the fourth quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 393 shares during the last quarter. 82.39% of the stock is currently owned by institutional investors.

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.