Alcoa Corp. (AA) Receiving Somewhat Positive News Coverage, Study Shows
Media stories about Alcoa Corp. (NYSE:AA) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alcoa Corp. earned a media sentiment score of 0.11 on AlphaOne’s scale. AlphaOne also assigned media stories about the industrial products company an impact score of 75 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s rankings:
- [$$] U.S. Fire Standards Limit Use of Material Used in London Tower (finance.yahoo.com)
- Alcoa Corp. :AA-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
- How Analysts Feel About Astrazeneca Plc (NYSE:AZN) After Decrease in Sellers? (ekosvoice.com)
- Trade Alert: Head And Shoulder Breakdown At Hand On AA (investing.com)
- ETFs with exposure to Alcoa Corp. : June 15, 2017 (finance.yahoo.com)
Alcoa Corp. (AA) traded up 2.83% during trading on Monday, hitting $30.85. 3,069,496 shares of the company’s stock traded hands. The company has a market cap of $5.68 billion and a PE ratio of 165.86. Alcoa Corp. has a 52-week low of $20.00 and a 52-week high of $39.78. The company’s 50 day moving average price is $32.31 and its 200 day moving average price is $33.26.
Alcoa Corp. (NYSE:AA) last announced its quarterly earnings data on Monday, April 24th. The industrial products company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.15. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. Analysts expect that Alcoa Corp. will post $2.81 earnings per share for the current year.
A number of equities analysts have weighed in on AA shares. Morgan Stanley boosted their target price on shares of Alcoa Corp. from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 14th. Zacks Investment Research cut shares of Alcoa Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 3rd. Vetr upgraded shares of Alcoa Corp. from a “hold” rating to a “buy” rating and set a $37.78 price target for the company in a research report on Tuesday, March 7th. Goldman Sachs Group, Inc. (The) upgraded shares of Alcoa Corp. from a “neutral” rating to a “buy” rating in a report on Monday, March 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $35.00 price objective on shares of Alcoa Corp. in a report on Wednesday, March 22nd. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.50.
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About Alcoa Corp.
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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