Alcoa (NYSE:AA) Given Average Recommendation of “Moderate Buy” by Analysts

Alcoa (NYSE:AA) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $42.3462.

A number of research firms have recently commented on AA. HSBC boosted their price target on shares of Alcoa from $33.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, October 17th. BMO Capital Markets boosted their target price on Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Argus set a $45.00 target price on Alcoa in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alcoa in a research report on Tuesday. Finally, Zacks Research upgraded shares of Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th.

Alcoa Trading Up 1.1%

Shares of AA opened at $42.02 on Friday. Alcoa has a twelve month low of $21.53 and a twelve month high of $46.78. The stock has a market cap of $10.88 billion, a PE ratio of 9.70, a P/E/G ratio of 0.22 and a beta of 2.26. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $36.62 and its 200-day moving average price is $32.34.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $3.03 billion. Alcoa had a net margin of 8.91% and a return on equity of 15.85%. Alcoa’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share. On average, equities analysts forecast that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Tuesday, November 4th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. Alcoa’s dividend payout ratio (DPR) is 9.24%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Alcoa by 1,096.0% during the second quarter. IFP Advisors Inc now owns 897 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 822 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Alcoa during the 3rd quarter valued at about $27,000. Root Financial Partners LLC purchased a new position in shares of Alcoa during the 3rd quarter valued at about $29,000. Horrell Capital Management Inc. purchased a new position in shares of Alcoa during the 2nd quarter valued at about $30,000. Finally, Orion Capital Management LLC bought a new stake in Alcoa in the 3rd quarter worth approximately $33,000.

About Alcoa

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.