BMO Capital Markets Boosts Alcoa (NYSE:AA) Price Target to $75.00

Alcoa (NYSE:AA) had its price target hoisted by equities researchers at BMO Capital Markets from $65.00 to $75.00 in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a “market perform” rating on the industrial products company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 2.71% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. UBS Group raised their target price on Alcoa from $48.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Wells Fargo & Company set a $68.00 target price on Alcoa in a research note on Thursday, March 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alcoa in a research note on Monday, December 29th. Morgan Stanley upgraded Alcoa from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $64.00 to $80.00 in a research note on Thursday. Finally, Zacks Research cut Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alcoa has a consensus rating of “Hold” and a consensus price target of $61.73.

Alcoa Stock Performance

Shares of AA opened at $73.02 on Thursday. The business’s fifty day moving average price is $62.85 and its 200 day moving average price is $51.38. Alcoa has a 12-month low of $22.68 and a 12-month high of $75.70. The stock has a market capitalization of $19.27 billion, a PE ratio of 16.52 and a beta of 1.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.87.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.31. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Alcoa had a return on equity of 16.19% and a net margin of 9.12%.The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. Equities research analysts forecast that Alcoa will post 4.43 EPS for the current year.

Institutional Investors Weigh In On Alcoa

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its stake in shares of Alcoa by 4,124.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 38,233 shares of the industrial products company’s stock valued at $2,032,000 after purchasing an additional 37,328 shares in the last quarter. World Investment Advisors bought a new stake in shares of Alcoa during the fourth quarter valued at about $246,000. Corient Private Wealth LLC raised its stake in shares of Alcoa by 30.4% during the fourth quarter. Corient Private Wealth LLC now owns 13,445 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 3,138 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Alcoa by 5,281.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 581 shares in the last quarter. Finally, Compound Planning Inc. bought a new stake in shares of Alcoa during the fourth quarter valued at about $306,000.

Alcoa News Roundup

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Morgan Stanley upgraded AA from “equal weight” to “overweight” and raised its price target to $80 (from $64), signaling stronger buy-side conviction and giving the stock meaningful upside potential. Read More.
• Positive Sentiment: B. Riley initiated/issued a “buy” view and highlighted upside potential, adding another bullish institutional voice that can attract inflows. Read More.
• Positive Sentiment: BMO Capital Markets raised its price target to $75 (market perform), a modestly bullish signal that implies upside from recent levels. Read More.
• Positive Sentiment: Short interest fell sharply in March (down ~19.5% to ~6.94M shares, short interest ratio ~1.1 days, ~2.6% of float). Fewer outstanding shorts reduces immediate downside pressure and can amplify rallies if positive catalysts emerge.
• Neutral Sentiment: Alcoa sits inside a broader aluminum-sector rally (geopolitical supply concerns such as the Iran situation cited) and is approaching earnings — a mixed catalyst that can swing either way depending on results and guidance. Read More.
• Neutral Sentiment: Billionaire Stan Druckenmiller’s Duquesne Capital has shown intermittent exposure to AA, a signal that may attract attention but is not a direct catalyst. Read More.
• Negative Sentiment: JPMorgan raised its target to $70 but kept a “neutral” rating; that target implies downside vs. current levels, introducing a conservative view from a large house and a potential cap on near-term upside. Read More.

About Alcoa

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.