Vetr lowered shares of Alcoa Inc. (NYSE:AA) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning. They currently have $27.98 price objective on the stock.

Several other equities research analysts also recently commented on the company. Credit Suisse Group AG set a $39.00 target price on Alcoa and gave the company a buy rating in a report on Saturday, October 8th. Cowen and Company began coverage on Alcoa in a report on Monday, November 7th. They set a market perform rating and a $29.00 target price for the company. RBC Capital Markets reaffirmed a sector perform rating and set a $31.00 target price (down from $33.00) on shares of Alcoa in a report on Wednesday, October 12th. Citigroup Inc. began coverage on Alcoa in a report on Monday, November 7th. They set a buy rating and a $30.00 target price for the company. Finally, Gabelli began coverage on Alcoa in a report on Tuesday, November 1st. They set a buy rating for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $19.95.

Analyst Recommendations for Alcoa (NYSE:AA)

Shares of Alcoa (NYSE:AA) opened at 31.51 on Thursday. The stock’s 50 day moving average price is $25.80 and its 200-day moving average price is $25.80. The stock’s market cap is $13.82 billion. Alcoa has a one year low of $20.00 and a one year high of $32.02.

Alcoa (NYSE:AA) last announced its earnings results on Tuesday, October 11th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.21. Alcoa had a positive return on equity of 3.87% and a negative net margin of 0.88%. The business earned $5.21 billion during the quarter. During the same period in the prior year, the business earned $0.07 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities analysts predict that Alcoa will post ($0.66) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 4th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, November 2nd. Alcoa’s dividend payout ratio (DPR) is currently -63.15%.

Hedge funds have recently added to or reduced their stakes in the stock. AXA acquired a new stake in Alcoa during the first quarter worth about $115,000. Envestnet Asset Management Inc. raised its stake in shares of Alcoa by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 162,058 shares of the company’s stock valued at $1,553,000 after buying an additional 13,113 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Alcoa by 1.8% in the first quarter. Arizona State Retirement System now owns 356,511 shares of the company’s stock valued at $3,415,000 after buying an additional 6,300 shares during the last quarter. Euclid Advisors LLC raised its stake in shares of Alcoa by 108.3% in the first quarter. Euclid Advisors LLC now owns 1,066,710 shares of the company’s stock valued at $10,219,000 after buying an additional 554,710 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of Alcoa by 37.5% in the first quarter. First Republic Investment Management Inc. now owns 90,321 shares of the company’s stock valued at $866,000 after buying an additional 24,639 shares during the last quarter.

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About Alcoa

Alcoa Inc is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications.

5 Day Chart for NYSE:AA

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