Alcoa Co. (NYSE:AA) Receives $39.09 Consensus Target Price from Analysts

Alcoa Co. (NYSE:AA) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.09.

A number of brokerages have commented on AA. Citigroup increased their price objective on Alcoa from $32.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. B. Riley lifted their price target on Alcoa from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Wolfe Research upgraded Alcoa from a “peer perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research note on Wednesday, September 4th. Finally, Bank of America lowered their price objective on shares of Alcoa from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, July 18th.

Alcoa Price Performance

Shares of NYSE:AA opened at $28.53 on Friday. The business has a 50 day moving average price of $34.18 and a 200 day moving average price of $35.40. Alcoa has a twelve month low of $23.07 and a twelve month high of $45.48. The company has a market cap of $5.12 billion, a price-to-earnings ratio of -7.59 and a beta of 2.42. The company has a quick ratio of 0.92, a current ratio of 1.55 and a debt-to-equity ratio of 0.46.

Alcoa (NYSE:AA) last issued its earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Alcoa had a negative return on equity of 7.29% and a negative net margin of 5.14%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the firm posted ($0.35) EPS. Alcoa’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts predict that Alcoa will post 0.7 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. Alcoa’s dividend payout ratio (DPR) is currently -10.64%.

Institutional Trading of Alcoa

Institutional investors have recently bought and sold shares of the company. Spire Wealth Management raised its holdings in shares of Alcoa by 252.5% in the 1st quarter. Spire Wealth Management now owns 899 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 644 shares during the last quarter. Private Wealth Management Group LLC bought a new position in Alcoa in the 4th quarter valued at $33,000. Scarborough Advisors LLC bought a new stake in shares of Alcoa during the 4th quarter worth $39,000. Quest Partners LLC bought a new stake in shares of Alcoa during the 4th quarter worth $40,000. Finally, Quadrant Capital Group LLC raised its position in Alcoa by 56.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,605 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 576 shares during the period. Institutional investors own 82.39% of the company’s stock.

About Alcoa

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.