Alcoa (NYSE:AA) Given Average Rating of “Hold” by Analysts

Shares of Alcoa (NYSE:AA) have received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $48.8333.

A number of research firms recently weighed in on AA. HSBC increased their price target on Alcoa from $33.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, October 17th. UBS Group raised their target price on shares of Alcoa from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Zacks Research raised shares of Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Alcoa in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Alcoa in a research note on Thursday, January 8th.

Institutional Investors Weigh In On Alcoa

Several hedge funds have recently bought and sold shares of AA. IFP Advisors Inc grew its stake in Alcoa by 1,096.0% during the 2nd quarter. IFP Advisors Inc now owns 897 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 822 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Alcoa in the third quarter worth approximately $27,000. Root Financial Partners LLC acquired a new stake in shares of Alcoa during the third quarter worth approximately $29,000. Horrell Capital Management Inc. acquired a new stake in shares of Alcoa during the second quarter worth approximately $30,000. Finally, CoreCap Advisors LLC grew its position in Alcoa by 74.1% during the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 237 shares in the last quarter.

Alcoa Trading Down 5.8%

Shares of NYSE:AA opened at $60.14 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.56. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.22 and a beta of 1.95. Alcoa has a 1-year low of $21.53 and a 1-year high of $66.95. The company has a 50 day moving average price of $48.54 and a 200 day moving average price of $38.36.

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

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Tuesday, November 4th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Alcoa’s payout ratio is currently 9.24%.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.