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

Alcoa (NYSE:AA) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.25.

A number of equities analysts have issued reports on the company. Wells Fargo & Company decreased their price objective on Alcoa from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Zacks Research downgraded shares of Alcoa from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. BMO Capital Markets increased their price target on shares of Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 price target (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. Finally, UBS Group upped their price objective on shares of Alcoa from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, December 12th.

Alcoa Stock Performance

Shares of AA opened at $59.56 on Friday. The company has a 50-day simple moving average of $58.03 and a two-hundred day simple moving average of $43.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.45 and a quick ratio of 0.87. The firm has a market capitalization of $15.42 billion, a PE ratio of 13.48 and a beta of 1.91. Alcoa has a one year low of $21.53 and a one year high of $66.95.

Alcoa (NYSE:AA) last announced its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.31. The firm had revenue of ($1,130.00) million during the quarter, compared to analyst estimates of $3.28 billion. Alcoa had a return on equity of 16.18% and a net margin of 9.12%.The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 EPS. On average, analysts anticipate that Alcoa will post 4.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Basepoint Wealth LLC bought a new stake in Alcoa in the fourth quarter worth $25,000. Raleigh Capital Management Inc. raised its position in shares of Alcoa by 52,500.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 525 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Alcoa by 74.1% in the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 237 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Alcoa by 5,281.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 581 shares in the last quarter. Finally, Quarry LP grew its position in Alcoa by 96.0% during the 4th quarter. Quarry LP now owns 694 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 340 shares during the last quarter.

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.