Somewhat Positive Press Coverage Somewhat Unlikely to Affect Alcoa (AA) Share Price
News stories about Alcoa (NYSE:AA) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alcoa earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.2597027686443 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Alcoa Could Return $525M In Capital In 2018, Credit Suisse Says (benzinga.com)
- Foil Beats Rock and Scissors: Alcoa Gains With Pricier Aluminum (finance.yahoo.com)
- Alcoa a Buy at Morgan Stanley, with six reasons why – Seeking Alpha (seekingalpha.com)
- Most Shocking Stock Movements: Allscripts Healthcare Solutions, Inc. (MDRX), Alcoa Corporation (AA) – Market Movers (financialqz.com)
- 6 Reasons Alcoa Can Fly (finance.yahoo.com)
Shares of Alcoa (NYSE AA) traded up $2.74 during trading hours on Wednesday, hitting $49.26. The stock had a trading volume of 7,163,311 shares, compared to its average volume of 4,146,153. Alcoa has a 12-month low of $28.01 and a 12-month high of $50.31. The company has a market cap of $8,246.47 and a price-to-earnings ratio of 21.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.90.
A number of research analysts have recently commented on AA shares. Deutsche Bank raised Alcoa from a “hold” rating to a “buy” rating and upped their price target for the company from $44.00 to $60.00 in a research report on Tuesday, September 12th. Citigroup set a $55.00 price objective on Alcoa and gave the company a “buy” rating in a research note on Wednesday, November 29th. BMO Capital Markets reiterated a “buy” rating and set a $60.00 price objective on shares of Alcoa in a research note on Wednesday, November 15th. Morgan Stanley boosted their price objective on Alcoa from $47.00 to $54.00 and gave the company a “top pick” rating in a research note on Monday, September 25th. Finally, Zacks Investment Research upgraded Alcoa from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, September 14th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.74.
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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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