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Alcoa (NYSE:AA)‘s stock had its “hold” rating reaffirmed by research analysts at Cowen and Company in a report released on Wednesday, AnalystRatings.Net reports. They currently have a $12.00 target price on the stock, up from their previous target price of $11.00. Cowen and Company’s target price would suggest a potential downside of 4.31% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Alcoa in a research note on Thursday. They now have a $14.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Alcoa from $13.00 to $15.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Alcoa from $10.00 to $12.50 in a research note on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.64.

Shares of Alcoa (NYSE:AA) opened at 12.54 on Wednesday. Alcoa has a 52-week low of $7.63 and a 52-week high of $13.18. The stock has a 50-day moving average of $12.18 and a 200-day moving average of $10.44. The company’s market cap is $14.686 billion. Alcoa also was the recipient of a large decrease in short interest in the month of January. As of March 31st, there was short interest totalling 79,280,002 shares, a decrease of 8.7% from the March 14th total of 86,871,675 shares. Currently, 7.4% of the shares of the company are short sold. Based on an average daily volume of 25,107,095 shares, the days-to-cover ratio is currently 3.2 days.

Alcoa (NYSE:AA) last announced its earnings results on Tuesday, April 8th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.04. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the company posted $0.11 earnings per share. Alcoa’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Alcoa will post $0.42 earnings per share for the current fiscal year.

Alcoa Inc (NYSE:AA) is engaged in lightweight metals, products and solutions.

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