A number of research firms have changed their ratings and price targets for Alcoa Corp (NYSE: AA):

  • 9/29/2017 – Alcoa Corp had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $53.00 price target on the stock.
  • 9/25/2017 – Alcoa Corp had its price target raised by analysts at Morgan Stanley from $47.00 to $54.00. They now have a “top pick” rating on the stock.
  • 9/22/2017 – Alcoa Corp was downgraded by analysts at Berenberg Bank from a “buy” rating to a “hold” rating. They now have a $44.00 price target on the stock, up previously from $41.00.
  • 9/20/2017 – Alcoa Corp had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $47.00 price target on the stock.
  • 9/14/2017 – Alcoa Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “
  • 9/13/2017 – Alcoa Corp had its price target raised by analysts at BMO Capital Markets from $45.00 to $60.00. They now have an “outperform” rating on the stock.
  • 9/12/2017 – Alcoa Corp was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock, up previously from $44.00.
  • 9/12/2017 – Alcoa Corp was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “
  • 9/7/2017 – Alcoa Corp is now covered by analysts at Macquarie. They set an “outperform” rating on the stock.
  • 9/6/2017 – Alcoa Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “
  • 8/9/2017 – Alcoa Corp is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $42.00 price target on the stock.
  • 8/9/2017 – Alcoa Corp had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $44.00 price target on the stock.
  • 8/5/2017 – Alcoa Corp was given a new $45.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.

Shares of Alcoa Corp (NYSE:AA) traded up 1.39% during trading on Tuesday, hitting $48.31. 3,313,591 shares of the stock were exchanged. The company has a market cap of $8.91 billion and a price-to-earnings ratio of 54.96. Alcoa Corp has a 12-month low of $20.00 and a 12-month high of $48.33. The firm has a 50 day moving average of $45.37 and a 200-day moving average of $45.37.

Alcoa Corp (NYSE:AA) last released its earnings results on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.88 billion. Alcoa Corp had a net margin of 1.63% and a return on equity of 3.29%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 EPS. On average, analysts forecast that Alcoa Corp will post $2.96 earnings per share for the current year.

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

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