Alcoa (NYSE:AA) Receives $47.15 Consensus Target Price from Analysts

Alcoa (NYSE:AA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $47.1538.

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Alcoa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Wells Fargo & Company raised their price objective on Alcoa from $40.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 target price on shares of Alcoa in a research report on Monday, December 15th. HSBC increased their price target on Alcoa from $33.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Citigroup boosted their price target on Alcoa from $42.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AA. IFP Advisors Inc grew its holdings in shares of Alcoa by 1,096.0% during the second 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 during the last quarter. Advisory Services Network LLC purchased a new position in Alcoa in the 3rd quarter worth $27,000. Root Financial Partners LLC acquired a new stake in Alcoa during the 3rd quarter worth about $29,000. Horrell Capital Management Inc. purchased a new stake in Alcoa during the 2nd quarter valued at about $30,000. Finally, Orion Capital Management LLC acquired a new position in shares of Alcoa in the third quarter valued at about $33,000.

Alcoa Stock Down 1.0%

NYSE:AA opened at $53.72 on Thursday. The company’s 50-day simple moving average is $42.08 and its 200-day simple moving average is $35.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.56. Alcoa has a fifty-two week low of $21.53 and a fifty-two week high of $54.43. The stock has a market capitalization of $13.91 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.27 and a beta of 1.99.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.13. Alcoa had a net margin of 8.91% and a return on equity of 15.85%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the business posted $0.57 EPS. Alcoa’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

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

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.