Alcoa (AA) – Investment Analysts’ Weekly Ratings Updates

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

  • 2/5/2018 – Alcoa had its price target raised by analysts at JPMorgan Chase & Co. from $68.00 to $71.00. They now have an “overweight” rating on the stock.
  • 2/2/2018 – Alcoa was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/30/2018 – Alcoa 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. “
  • 1/22/2018 – Alcoa was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “
  • 1/18/2018 – Alcoa had its price target raised by analysts at JPMorgan Chase & Co. to $68.00. They now have an “overweight” rating on the stock.
  • 1/18/2018 – Alcoa had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $63.00 price target on the stock, down previously from $67.00.
  • 1/18/2018 – Alcoa had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $59.00 price target on the stock, up previously from $51.00.
  • 1/11/2018 – Alcoa had its price target raised by analysts at Citigroup Inc to $65.00. They now have a “buy” rating on the stock.
  • 12/22/2017 – Alcoa had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $65.00 price target on the stock.
  • 12/20/2017 – Alcoa was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating. They now have a $61.00 price target on the stock, up previously from $42.00.
  • 12/19/2017 – Alcoa was given a new $55.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.

Shares of Alcoa Corp (NYSE:AA) opened at $45.92 on Monday. The company has a market cap of $8,500.00 and a price-to-earnings ratio of 39.59. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. Alcoa Corp has a 52-week low of $29.55 and a 52-week high of $57.50.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 17th. The industrial products company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.19). The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. Alcoa had a net margin of 1.86% and a return on equity of 6.90%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. equities analysts expect that Alcoa Corp will post 3.69 EPS for the current year.

In other news, VP William F. Oplinger sold 229,475 shares of Alcoa stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $52.86, for a total value of $12,130,048.50. Following the sale, the vice president now owns 108,915 shares in the company, valued at $5,757,246.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of Alcoa stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total transaction of $513,700.00. Following the completion of the sale, the chief operating officer now owns 46,832 shares in the company, valued at approximately $2,405,759.84. The disclosure for this sale can be found here.

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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