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

Shares of Alcoa Co. (NYSE:AA) have earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $33.54.

A number of research analysts recently issued reports on AA shares. Jefferies Financial Group boosted their target price on shares of Alcoa from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets boosted their target price on shares of Alcoa from $35.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. Morgan Stanley upgraded shares of Alcoa from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $28.50 to $36.50 in a research report on Monday, April 22nd. UBS Group lifted their price objective on shares of Alcoa from $27.00 to $32.00 and gave the company a “sell” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alcoa from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th.

Insider Buying and Selling at Alcoa

In related news, EVP Tammi A. Jones sold 26,468 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $30.78, for a total value of $814,685.04. Following the completion of the transaction, the executive vice president now directly owns 41,166 shares of the company’s stock, valued at $1,267,089.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Alcoa

A number of hedge funds and other institutional investors have recently made changes to their positions in AA. Spire Wealth Management lifted its position in Alcoa by 252.5% in the first quarter. Spire Wealth Management now owns 899 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 644 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in Alcoa during the fourth quarter worth about $31,000. Private Wealth Management Group LLC acquired a new position in Alcoa during the fourth quarter worth about $33,000. Quent Capital LLC increased its holdings in Alcoa by 64.2% in the fourth quarter. Quent Capital LLC now owns 990 shares of the industrial products company’s stock valued at $34,000 after buying an additional 387 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Alcoa during the 4th quarter valued at approximately $39,000.

Alcoa Stock Performance

Shares of AA stock opened at $36.77 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.93. The business has a fifty day moving average of $32.72 and a 200 day moving average of $29.61. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of -9.78, a price-to-earnings-growth ratio of 3.51 and a beta of 2.45. Alcoa has a 1 year low of $23.07 and a 1 year high of $38.20.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.55 billion. Alcoa had a negative return on equity of 8.51% and a negative net margin of 6.41%. Alcoa’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) EPS. As a group, research analysts expect that Alcoa will post 0.2 earnings per share for the current year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. Alcoa’s dividend payout ratio (DPR) is currently -10.64%.

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.