Alcoa Sees Unusually Large Options Volume (AA)
Shares of Alcoa (NYSE:AA) was the target of some unusual options trading on Monday. Traders acquired 19,504 put options on the company, StockRatingsNetwork.com reports. This represents an increase of 100% compared to the typical volume of 9,734 put options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Alcoa in a research note to investors on Tuesday, January 14th. 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, January 13th. 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Alcoa presently has an average rating of “Hold” and an average price target of $9.08.
Alcoa (NYSE:AA) opened at 11.36 on Tuesday. Alcoa has a 1-year low of $7.63 and a 1-year high of $11.53. The stock has a 50-day moving average of $10.08 and a 200-day moving average of $8.81. The company’s market cap is $12.167 billion.
Alcoa (NYSE:AA) last announced its earnings results on Thursday, January 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Alcoa will post $0.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of 0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.06%.
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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