Alcoa (AA) Set to Announce Earnings on Thursday
Alcoa (NYSE:AA) will release its Q4 earnings data after the market closes on Thursday, January 9th. Parties that are interested in participating in the company’s conference call can do so using this link.
Alcoa (NYSE:AA) opened at 10.54 on Wednesday. Alcoa has a 52 week low of $7.63 and a 52 week high of $10.77. The stock has a 50-day moving average of $9.79 and a 200-day moving average of $8.66. The company has a market cap of $11.274 billion and a P/E ratio of 38.29. Alcoa also saw some unusual options trading activity on Monday. Stock investors acquired 14,297 put options on the stock. This is an increase of 221% compared to the typical daily volume of 4,457 put options.
AA has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. upgraded shares of Alcoa from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 25th. They now have a $11.00 price target on the stock, up previously from $8.00. On the ratings front, analysts at RBC Capital reiterated an “underperform” rating on shares of Alcoa in a research note to investors on Friday, November 8th. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Alcoa in a research note to investors on Friday, November 8th. They now have a $9.50 price target on the stock, up previously from $8.75. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $8.62.
Alcoa Inc (NYSE:AA) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in technology, mining, refining, smelting, fabricating, and recycling.
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