Alcoa Co. (NYSE:AA) Receives $46.45 Consensus Price Target from Analysts

Alcoa Co. (NYSE:AA) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.45.

Several research firms have issued reports on AA. StockNews.com raised shares of Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Bank of America upped their target price on Alcoa to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 28th. B. Riley Financial reissued a “neutral” rating and issued a $41.00 price target on shares of Alcoa in a report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price target on Alcoa from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, B. Riley raised shares of Alcoa from a “neutral” rating to a “buy” rating and increased their price objective for the company from $41.00 to $50.00 in a research report on Thursday, October 17th.

Alcoa Trading Down 0.1 %

NYSE AA opened at $35.95 on Thursday. Alcoa has a one year low of $24.86 and a one year high of $47.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of -20.43, a price-to-earnings-growth ratio of 0.79 and a beta of 2.47. The company’s 50-day simple moving average is $41.29 and its two-hundred day simple moving average is $37.83.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.34. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the business earned ($1.14) EPS. The company’s revenue was up 11.6% compared to the same quarter last year. Equities analysts forecast that Alcoa will post 0.9 EPS for the current fiscal year.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, October 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, October 29th. Alcoa’s dividend payout ratio (DPR) is currently -22.73%.

Insider Transactions at Alcoa

In other news, EVP Renato Bacchi sold 23,867 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total value of $1,009,335.43. Following the sale, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. This represents a 29.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of Alcoa during the 2nd quarter worth about $27,000. UMB Bank n.a. boosted its position in Alcoa by 481.7% during the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 631 shares in the last quarter. Quarry LP acquired a new stake in Alcoa in the third quarter valued at approximately $43,000. Continuum Advisory LLC lifted its position in shares of Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,070 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Alcoa by 399.0% in the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 1,157 shares during the period. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.