Alcoa Corp (NYSE:AA)’s share price reached a new 52-week high on Tuesday . The company traded as high as $54.65 and last traded at $53.87, with a volume of 5174600 shares traded. The stock had previously closed at $54.14.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Alcoa in a research note on Friday, December 22nd. Gabelli lowered Alcoa from a “buy” rating to a “hold” rating and increased their price target for the company from $57.00 to $60.00 in a research note on Wednesday, October 4th. Berenberg Bank set a $44.00 price target on Alcoa and gave the company a “hold” rating in a research note on Wednesday, October 18th. JPMorgan Chase & Co. reissued a “buy” rating and set a $60.00 price target on shares of Alcoa in a research note on Thursday, October 19th. Finally, Macquarie reaffirmed a “buy” rating and issued a $62.00 price objective (up from $55.00) on shares of Alcoa in a research note on Tuesday, October 10th. Four investment 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 company. Alcoa currently has a consensus rating of “Buy” and an average price target of $53.07.

The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The stock has a market cap of $10,207.71, a P/E ratio of 26.15 and a beta of -4.07.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.05). Alcoa had a net margin of 2.61% and a return on equity of 4.90%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. Alcoa’s revenue for the quarter was up 27.3% on a year-over-year basis. sell-side analysts predict that Alcoa Corp will post 3.19 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in Alcoa by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,996 shares of the industrial products company’s stock worth $1,175,000 after purchasing an additional 104 shares in the last quarter. Private Advisor Group LLC increased its holdings in Alcoa by 2.3% in the second quarter. Private Advisor Group LLC now owns 9,433 shares of the industrial products company’s stock valued at $322,000 after buying an additional 208 shares during the last quarter. Van ECK Associates Corp increased its holdings in Alcoa by 3.8% in the second quarter. Van ECK Associates Corp now owns 5,779 shares of the industrial products company’s stock valued at $189,000 after buying an additional 213 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Alcoa by 3.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,049 shares of the industrial products company’s stock valued at $263,000 after buying an additional 288 shares during the last quarter. Finally, Veritable L.P. increased its holdings in Alcoa by 4.0% in the second quarter. Veritable L.P. now owns 7,887 shares of the industrial products company’s stock valued at $258,000 after buying an additional 300 shares during the last quarter.

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Alcoa Company Profile

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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