Alcoa Receives Consensus Rating of “Hold” from Analysts (NYSE:AA)
Shares of Alcoa (NYSE:AA) have earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the company, AmericanBankingNews.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.50.
Alcoa (NYSE:AA) traded up 0.43% on Tuesday, hitting $16.26. The stock had a trading volume of 2,328,293 shares. Alcoa has a 52 week low of $7.68 and a 52 week high of $17.22. The stock has a 50-day moving average of $15.92 and a 200-day moving average of $13.55. The company’s market cap is $19.127 billion.
Alcoa (NYSE:AA) last announced its earnings results on Tuesday, July 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Alcoa will post $0.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 25th. Investors of record on Friday, August 8th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, August 6th.
A number of analysts have recently weighed in on AA shares. Analysts at Cowen and Company raised their price target on shares of Alcoa from $12.00 to $16.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of Alcoa from $17.00 to $20.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Alcoa from $10.00 to $11.00 in a research note on Thursday, July 10th.
Alcoa Inc (NYSE:AA) is engaged in lightweight metals, products and solutions.
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