Alcoa (AA) – What Are Researchers Thinking About This Stock?

Shares of Alcoa (NYSE:AA) have been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $58.23.

Several research firms recently weighed in on AA. JPMorgan Chase & Co. reduced their price objective on Alcoa from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. B. Riley Financial lowered their target price on Alcoa from $80.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Wall Street Zen cut shares of Alcoa from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 25th. Zacks Research raised shares of Alcoa from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Finally, Morgan Stanley reduced their price target on shares of Alcoa from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 7th.

Insider Buying and Selling

In other Alcoa news, EVP Renato Bacchi sold 700 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $51.02, for a total transaction of $35,714.00. Following the sale, the executive vice president owned 74,930 shares of the company’s stock, valued at approximately $3,822,928.60. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tammi Jones sold 15,628 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $50.60, for a total transaction of $790,776.80. Following the sale, the executive vice president directly owned 39,819 shares in the company, valued at approximately $2,014,841.40. The trade was a 28.19% decrease in their position. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Alcoa

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Alcoa during the second quarter valued at about $1,528,523,000. State Street Corp increased its stake in shares of Alcoa by 15.6% in the third quarter. State Street Corp now owns 12,567,463 shares of the industrial products company’s stock valued at $527,833,000 after buying an additional 1,691,518 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Alcoa in the second quarter valued at approximately $166,194,000. Amundi raised its holdings in Alcoa by 47.8% in the 1st quarter. Amundi now owns 2,009,013 shares of the industrial products company’s stock valued at $133,258,000 after buying an additional 649,693 shares during the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in Alcoa by 21.1% in the 1st quarter. Temasek Holdings Private Ltd now owns 1,300,647 shares of the industrial products company’s stock valued at $86,272,000 after buying an additional 226,253 shares during the last quarter.

Alcoa Price Performance

Shares of AA stock traded down $0.70 during trading hours on Friday, reaching $39.75. The company’s stock had a trading volume of 2,783,602 shares, compared to its average volume of 5,158,325. The firm’s 50 day simple moving average is $42.54 and its 200-day simple moving average is $55.32. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 0.59 and a beta of 1.83. Alcoa has a fifty-two week low of $35.12 and a fifty-two week high of $84.38. The company has a quick ratio of 1.66, a current ratio of 2.31 and a debt-to-equity ratio of 0.58.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Thursday, October 15th. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.31. Alcoa had a return on equity of 24.58% and a net margin of 10.77%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company posted $0.88 EPS. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. Sell-side analysts forecast that Alcoa will post 6.70 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Tuesday, October 27th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $0.40 annualized dividend and a yield of 1.0%. Alcoa’s dividend payout ratio is presently 6.91%.

Alcoa Company Profile

Alcoa Corporation is an integrated aluminum company involved in bauxite mining, alumina refining and primary aluminum production. Its products include bauxite, alumina and aluminum in forms used by customers across industries such as transportation, packaging, construction and consumer goods. The company operates internationally, with activities spanning North America, South America, Europe and Australia. Its business connects raw-material production with refining and smelting, serving customers in markets around the world.