Alcoa Co. (NYSE:AA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Alcoa Co. (NYSE:AAGet Rating) have earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $65.82.

A number of brokerages recently weighed in on AA. TheStreet cut shares of Alcoa from a “b-” rating to a “c-” rating in a report on Wednesday, October 19th. Morgan Stanley cut shares of Alcoa from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $60.00 to $56.00 in a report on Friday, December 9th. The Goldman Sachs Group decreased their price objective on shares of Alcoa from $75.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. Credit Suisse Group decreased their price objective on shares of Alcoa from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, October 20th. Finally, StockNews.com assumed coverage on shares of Alcoa in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Alcoa Trading Up 2.4 %

Alcoa stock opened at $54.61 on Friday. The firm has a 50 day simple moving average of $46.68 and a 200-day simple moving average of $45.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.81 and a quick ratio of 1.00. The stock has a market capitalization of $9.66 billion, a PE ratio of -65.01, a price-to-earnings-growth ratio of 1.61 and a beta of 2.41. Alcoa has a 12-month low of $33.55 and a 12-month high of $98.09.

Alcoa (NYSE:AAGet Rating) last issued its earnings results on Wednesday, October 19th. The industrial products company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.42). The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.97 billion. Alcoa had a positive return on equity of 22.27% and a negative net margin of 0.91%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. As a group, equities research analysts expect that Alcoa will post 4.62 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Tuesday, November 1st were given a $0.10 dividend. The ex-dividend date was Monday, October 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. Alcoa’s payout ratio is -47.62%.

Institutional Investors Weigh In On Alcoa

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wipfli Financial Advisors LLC bought a new position in shares of Alcoa during the 3rd quarter valued at $27,000. JCIC Asset Management Inc. bought a new position in shares of Alcoa during the 3rd quarter valued at $27,000. Neo Ivy Capital Management bought a new position in shares of Alcoa during the 2nd quarter valued at $27,000. Emerson Wealth LLC bought a new position in shares of Alcoa during the 2nd quarter valued at $29,000. Finally, Fairfield Bush & CO. bought a new position in shares of Alcoa during the 1st quarter valued at $29,000.

About Alcoa

(Get Rating)

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 three segments: Bauxite, 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.

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Analyst Recommendations for Alcoa (NYSE:AA)

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