Alcoa (NYSE:AA) Upgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Alcoa (NYSE:AA) from an underweight rating to a neutral rating in a research note published on Friday morning, MarketBeat reports. The firm currently has $68.00 target price on the industrial products company’s stock, up from their previous target price of $50.00.

A number of other analysts have also commented on the company. Citigroup boosted their price objective on Alcoa from $42.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Morgan Stanley restated an “overweight” rating and issued a $52.00 target price on shares of Alcoa in a report on Monday, December 15th. Wells Fargo & Company set a $68.00 target price on Alcoa in a research report on Thursday. Zacks Research downgraded Alcoa from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, B. Riley Financial reissued a “buy” rating on shares of Alcoa in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alcoa has an average rating of “Hold” and an average target price of $48.45.

Alcoa Stock Down 3.4%

Shares of NYSE AA opened at $63.66 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.87. The company has a 50-day moving average price of $61.54 and a 200-day moving average price of $46.78. The stock has a market capitalization of $16.80 billion, a P/E ratio of 14.40 and a beta of 1.85. Alcoa has a 1 year low of $21.53 and a 1 year high of $68.40.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.31. Alcoa had a net margin of 9.12% and a return on equity of 16.19%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Alcoa’s dividend payout ratio (DPR) is currently 9.05%.

Hedge Funds Weigh In On Alcoa

Several institutional investors have recently modified their holdings of AA. Mirabella Financial Services LLP lifted its holdings in Alcoa by 12,233.1% during the third quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock worth $1,318,312,000 after acquiring an additional 39,757,462 shares during the period. Dimensional Fund Advisors LP grew its stake in Alcoa by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,580,803 shares of the industrial products company’s stock valued at $615,428,000 after purchasing an additional 462,243 shares during the period. State Street Corp increased its position in shares of Alcoa by 6.7% during the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock valued at $376,871,000 after purchasing an additional 721,063 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alcoa by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 6,655,655 shares of the industrial products company’s stock valued at $389,621,000 after purchasing an additional 349,426 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Alcoa by 211.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,254,017 shares of the industrial products company’s stock worth $332,338,000 after purchasing an additional 4,247,559 shares during the period.

Alcoa News Summary

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Alcoa’s recent earnings beat has drawn attention in the NYSE Composite, reinforcing the company’s operational momentum and helping justify elevated multiples. Article Title
• Positive Sentiment: UBS raised its price target to $70 and kept a neutral rating, signaling higher analyst confidence in Alcoa’s outlook and implying upside from current levels. Article Title
• Positive Sentiment: JPMorgan upgraded Alcoa from Underweight to Neutral and lifted its target to $68 (from $50), a near-term bullish catalyst that supports further upside. Article Title
• Positive Sentiment: Alcoa is trading near its 52-week high after a roughly 96% one‑year gain; momentum and higher aluminum prices have driven upgrades and bullish price forecasts. Article Title
• Positive Sentiment: Company strategy: Alcoa is pursuing deals with the data center industry and selectively selling assets, moves that can improve margins and cash flow over time. Article Title
• Neutral Sentiment: Industry comparison — peer Constellium (CSTM) has surged ~101% over the past year on demand in packaging and aerospace; this highlights sector-level growth but doesn’t directly change Alcoa’s fundamentals. Article Title
• Neutral Sentiment: Wall Street research roundups and price‑prediction pieces keep Alcoa in focus, but consensus remains mixed—many brokers are cautious despite higher targets. Article Title
• Negative Sentiment: Sector headwinds: the SPDR S&P Metals & Mining ETF has fallen nearly 6% since the Iran conflict escalated, as higher oil and recession fears threaten metals demand—this risk-off dynamic is pressuring Alcoa despite company-specific positives. Article Title
• Negative Sentiment: Market factors — rising energy prices, inflation concerns and recent profit-taking after a large run-up likely contributed to the share pullback today, offsetting analyst upgrades. Article Title

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.