Alcoa Given Average Rating of “Hold” by Analysts (NYSE:AA)
Shares of Alcoa (NYSE:AA) have earned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the stock, AR Network reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.50.
Alcoa (NYSE:AA) opened at 16.11 on Tuesday. Alcoa has a one year low of $7.68 and a one year high of $17.22. The stock has a 50-day moving average of $16.09 and a 200-day moving average of $13.65. The company’s market cap is $18.951 billion.
Alcoa (NYSE:AA) last released its earnings data on Tuesday, July 8th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.07 earnings per share. Alcoa’s revenue was down .2% compared to the same quarter last year. Analysts expect that Alcoa will post $0.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, August 6th.
AA has been the subject of a number of recent research reports. 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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