Alcoa (NYSE:AA) Receives Consensus Rating of “Hold” from Analysts

Shares of Alcoa (NYSE:AA) have been assigned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $64.2727.

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. BMO Capital Markets increased their target price on shares of Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. B. Riley Financial increased their target price on shares of Alcoa from $78.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Weiss Ratings raised shares of Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Argus set a $73.00 target price on shares of Alcoa in a report on Monday, April 27th.

Alcoa Trading Down 0.1%

AA opened at $62.60 on Wednesday. Alcoa has a twelve month low of $24.15 and a twelve month high of $75.70. The company has a 50-day simple moving average of $64.93 and a 200 day simple moving average of $54.88. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 15.85 and a beta of 1.52.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.20). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the company earned $2.15 EPS. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts predict that Alcoa will post 7.95 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Alcoa’s dividend payout ratio is 10.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kaizen Financial Strategies bought a new position in shares of Alcoa in the first quarter worth about $287,000. Citizens Financial Group Inc. RI bought a new position in shares of Alcoa in the first quarter worth about $323,000. Fifth Third Bancorp lifted its holdings in shares of Alcoa by 3,061.2% in the first quarter. Fifth Third Bancorp now owns 63,098 shares of the industrial products company’s stock worth $4,185,000 after acquiring an additional 61,102 shares during the last quarter. U S Global Investors Inc. bought a new position in shares of Alcoa in the first quarter worth about $66,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Alcoa by 13.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,258 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 746 shares during the last quarter. Institutional investors own 82.39% of the company’s stock.

About Alcoa

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.