Alcoa Director Ratan Tata Purchases 1,980 Shares (AA)
Alcoa (NYSE:AA) Director Ratan Tata acquired 1,980 shares of the company’s stock on the open market in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $10.54 per share, with a total value of $20,869.20. Following the purchase, the director now directly owns 43,359 shares in the company, valued at approximately $457,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AA has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Alcoa in a research note to investors on Tuesday. They now have a $11.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Alcoa from $8.00 to $10.00 in a research note to investors on Monday. Finally, analysts at Deutsche Bank raised their price target on shares of Alcoa from $5.50 to $7.50 in a research note to investors on Friday, January 10th. They now have a “sell” rating on the stock. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.08.
Shares of Alcoa (NYSE:AA) traded up 2.52% on Wednesday, hitting $10.58. The stock had a trading volume of 21,721,972 shares. Alcoa has a 52-week low of $7.63 and a 52-week high of $10.90. The stock has a 50-day moving average of $9.97 and a 200-day moving average of $8.75. The company’s market cap is $11.331 billion.
Alcoa (NYSE:AA) last announced its earnings results on Thursday, January 9th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.02. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the company posted $0.06 earnings per share. Alcoa’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that Alcoa will post $0.31 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.