Brokerages Set Alcoa Co. (NYSE:AA) Price Target at $38.45

Shares of Alcoa Co. (NYSE:AA) have earned a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $38.80.

A number of analysts have commented on the stock. Citigroup lifted their target price on shares of Alcoa from $32.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. UBS Group boosted their price target on shares of Alcoa from $27.00 to $32.00 and gave the company a “sell” rating in a report on Friday, April 19th. StockNews.com raised Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. BMO Capital Markets raised their price objective on Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Finally, B. Riley increased 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Spire Wealth Management lifted its position in shares of 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 buying an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Alcoa in the fourth quarter valued at approximately $31,000. Private Wealth Management Group LLC acquired a new stake in shares of Alcoa in the fourth quarter valued at approximately $33,000. Quent Capital LLC lifted its position in shares of 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 during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Alcoa in the fourth quarter valued at approximately $39,000.

Alcoa Stock Performance

Shares of Alcoa stock opened at $34.51 on Thursday. The firm has a 50 day simple moving average of $40.34 and a 200 day simple moving average of $34.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.93. Alcoa has a fifty-two week low of $23.07 and a fifty-two week high of $45.48. The firm has a market cap of $6.20 billion, a P/E ratio of -9.18 and a beta of 2.45.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, July 17th. The industrial products company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the business earned ($0.35) EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts predict that Alcoa will post 1.72 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.16%. Alcoa’s dividend payout ratio is -10.64%.

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.