Alcoa (NYSE:AA) Given New $70.00 Price Target at UBS Group

Alcoa (NYSE:AA) had its price objective upped by UBS Group from $48.00 to $70.00 in a report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

AA has been the topic of a number of other reports. Wells Fargo & Company set a $68.00 target price on shares of Alcoa in a report on Thursday. Morgan Stanley reissued an “overweight” rating and set a $52.00 target price on shares of Alcoa in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Alcoa in a report on Monday, December 29th. Zacks Research cut Alcoa from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price objective (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alcoa currently has a consensus rating of “Hold” and an average target price of $46.82.

Alcoa Price Performance

AA stock opened at $65.93 on Thursday. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 14.92 and a beta of 1.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.87. The company has a 50 day simple moving average of $61.39 and a 200 day simple moving average of $46.56. Alcoa has a 1 year low of $21.53 and a 1 year high of $68.40.

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

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.40 annualized dividend and a yield of 0.6%. Alcoa’s payout ratio is currently 9.05%.

Hedge Funds Weigh In On Alcoa

Several institutional investors and hedge funds have recently bought and sold shares of AA. Prime Capital Investment Advisors LLC boosted its holdings in Alcoa by 1.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 10,682 shares of the industrial products company’s stock worth $568,000 after buying an additional 204 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Alcoa by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 57,940 shares of the industrial products company’s stock worth $3,079,000 after acquiring an additional 229 shares during the last quarter. CoreCap Advisors LLC grew its stake in Alcoa by 74.1% in the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after buying an additional 237 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Alcoa by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,596 shares of the industrial products company’s stock worth $722,000 after purchasing an additional 241 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Alcoa by 1.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 22,497 shares of the industrial products company’s stock valued at $740,000 after buying an additional 324 shares in the last quarter.

Key Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: UBS raised its price target on AA from $48 to $70, signaling higher valuation potential even though the firm kept a neutral rating; this upward revision supports upside interest. Benzinga
• Positive Sentiment: Analysts and market commentary point to a stronger production outlook and rising aluminum prices tied to Middle East energy risks, with several pieces pushing price targets into the high-$60s — a direct commodity-driven catalyst for Alcoa. Alcoa Price Prediction: Middle East Energy Outlook Pushes AA to $68
• Positive Sentiment: Geopolitical tensions (U.S.–Iran) are cited as lifting aluminum prices and investor interest in supply-sensitive names like AA — a near-term tailwind if prices stay elevated. Barchart
• Positive Sentiment: Company-level activity: coverage highlights Alcoa’s efforts to strike deals with the data-center industry and sell certain industrial sites — moves that could reallocate capital and improve margins/returns over time. Yahoo Finance
• Neutral Sentiment: Market commentary notes AA is trading near its 52‑week high after a ~97% six‑month surge; that momentum is bullish but raises valuation/mean-reversion risk. Zacks
• Neutral Sentiment: Macro notes: commentary on CPI and broader inflation prints suggests mixed implications for commodities — lower inflation could ease commodity inflation premium, while supply shocks still support prices. InvestorPlace
• Negative Sentiment: Despite price-target increases, several brokers remain cautious overall; consensus hesitation and profit‑taking after a large run-up can cap near-term gains. 24/7 Wall St.

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.