Alcoa (NYSE:AA) Given Average Recommendation of “Hold” by Brokerages

Alcoa (NYSE:AA) has been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $48.25.

A number of research firms have weighed in on AA. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of Alcoa in a report on Monday, December 15th. UBS Group lifted their price target on Alcoa from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Zacks Research upgraded Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Citigroup boosted their price objective on Alcoa from $42.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, B. Riley Financial reissued a “buy” rating on shares of Alcoa in a research note on Friday, January 23rd.

Institutional Trading of Alcoa

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Basepoint Wealth LLC acquired a new stake in Alcoa in the 4th quarter worth about $25,000. Raleigh Capital Management Inc. lifted its position in shares of Alcoa by 52,500.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 525 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Alcoa by 74.1% in the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 237 shares during the last quarter. Clearstead Trust LLC increased its position in shares of Alcoa by 431.7% during the fourth quarter. Clearstead Trust LLC now owns 755 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 613 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in Alcoa in the 4th quarter valued at $40,000.

Alcoa Stock Down 4.2%

Shares of AA stock opened at $60.47 on Friday. Alcoa has a twelve month low of $21.53 and a twelve month high of $66.95. The stock has a market cap of $15.66 billion, a P/E ratio of 13.68 and a beta of 1.91. The stock has a 50 day moving average of $56.56 and a 200 day moving average of $42.19. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40.

Alcoa (NYSE:AA) last released its quarterly earnings data on Thursday, January 22nd. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.95 by $0.31. Alcoa had a return on equity of 16.18% and a net margin of 9.12%.The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Alcoa will post 4.43 EPS for the current year.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.