Alcoa (NYSE:AA) Receives $47.15 Average PT from Analysts

by · The Cerbat Gem

Shares of Alcoa (NYSE:AA – Get Free Report) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $47.1538.

Several analysts have issued reports on the stock. BMO Capital Markets increased their target price on Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Argus set a $45.00 price target on shares of Alcoa in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Alcoa from $35.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, December 5th. UBS Group boosted their price objective on shares of Alcoa from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company upped their target price on shares of Alcoa from $40.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday.

Read Our Latest Report on AA

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AA. IFP Advisors Inc boosted its holdings in shares of Alcoa by 1,096.0% in the 2nd quarter. IFP Advisors Inc now owns 897 shares of the industrial products company’s stock valued at $26,000 after buying an additional 822 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Alcoa in the third quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new stake in Alcoa in the third quarter valued at approximately $29,000. Horrell Capital Management Inc. purchased a new position in Alcoa in the second quarter worth $30,000. Finally, Orion Capital Management LLC acquired a new position in shares of Alcoa during the third quarter worth $33,000.

Alcoa Stock Performance

NYSE AA opened at $54.24 on Thursday. The stock has a market capitalization of $14.05 billion, a PE ratio of 12.53, a P/E/G ratio of 0.27 and a beta of 1.99. Alcoa has a 1-year low of $21.53 and a 1-year high of $54.43. The business has a 50 day simple moving average of $41.79 and a two-hundred day simple moving average of $35.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 0.91.

Alcoa (NYSE:AA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $3.03 billion. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. On average, research analysts predict that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Tuesday, November 4th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. Alcoa’s dividend payout ratio (DPR) is currently 9.24%.

About Alcoa

(Get Free Report)

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.

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