Share on StockTwits
 

Investment analysts at Stifel Nicolaus hoisted their price objective on shares of Alcoa (NYSE:AA) from $11.00 to $14.00 in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 18.14% from the stock’s previous close.

In other Alcoa news, VP Robert Sean Collins unloaded 14,665 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $12.17, for a total value of $178,473.05. Following the completion of the sale, the vice president now directly owns 36,648 shares in the company, valued at approximately $446,006. The sale was disclosed in a document filed with the SEC, which is available at this link.

A number of other analysts have also recently weighed in on AA. Analysts at JPMorgan Chase & Co. upgraded shares of Alcoa from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, January 21st. They now have a $15.00 price target on the stock, up previously from $9.00. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Alcoa presently has an average rating of “Hold” and an average target price of $9.64.

Alcoa (NYSE:AA) opened at 11.85 on Wednesday. Alcoa has a 1-year low of $7.63 and a 1-year high of $12.32. The stock’s 50-day moving average is $10.54 and its 200-day moving average is $9.0. The company’s market cap is $12.691 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 $0.32 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 1.01%. The ex-dividend date of this dividend is Wednesday, February 5th.

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.