Alcoa Co. (NYSE:AA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Alcoa Co. (NYSE:AA) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $46.45.

A number of equities research analysts have commented on AA shares. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. B. Riley Financial reissued a “neutral” rating and issued a $41.00 price objective on shares of Alcoa in a research note on Tuesday, September 17th. B. Riley upgraded Alcoa from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $41.00 to $50.00 in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price objective on shares of Alcoa from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, October 23rd.

Insider Activity

In other news, EVP Renato Bacchi sold 23,867 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. The trade was a 29.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama increased its holdings in Alcoa by 41.6% during the third quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock worth $12,107,000 after buying an additional 92,201 shares during the last quarter. ING Groep NV bought a new position in Alcoa during the third quarter worth about $10,201,000. Douglas Lane & Associates LLC raised its position in shares of Alcoa by 2.0% in the third quarter. Douglas Lane & Associates LLC now owns 1,421,955 shares of the industrial products company’s stock valued at $54,859,000 after purchasing an additional 27,217 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alcoa by 6.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company’s stock valued at $24,233,000 after buying an additional 36,869 shares in the last quarter. Finally, Aigen Investment Management LP boosted its holdings in Alcoa by 73.0% in the 3rd quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 15,546 shares during the period. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Alcoa Stock Performance

NYSE AA opened at $36.42 on Thursday. Alcoa has a fifty-two week low of $24.86 and a fifty-two week high of $47.77. The stock has a market cap of $9.41 billion, a PE ratio of -20.69, a PEG ratio of 0.79 and a beta of 2.47. 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 firm’s fifty day moving average price is $41.20 and its two-hundred day moving average price is $37.80.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the business earned ($1.14) EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts expect that Alcoa will post 0.9 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, October 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, October 29th. Alcoa’s payout ratio is currently -22.73%.

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.