Alcoa Corp (NYSE:AA) has earned a consensus rating of “Buy” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $53.64.

A number of research firms have recently commented on AA. Zacks Investment Research raised shares of Alcoa from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. ValuEngine downgraded shares of Alcoa from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. Credit Suisse Group dropped their target price on shares of Alcoa from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 17th. BMO Capital Markets dropped their target price on shares of Alcoa to $45.00 and set a “positive” rating for the company in a research report on Thursday, January 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Alcoa to $52.00 and set an “overweight” rating for the company in a research report on Thursday, January 17th.

A number of large investors have recently modified their holdings of the business. Capital World Investors grew its position in Alcoa by 23.3% in the third quarter. Capital World Investors now owns 23,593,647 shares of the industrial products company’s stock valued at $953,183,000 after acquiring an additional 4,459,077 shares in the last quarter. BlackRock Inc. grew its position in Alcoa by 3.7% in the fourth quarter. BlackRock Inc. now owns 9,525,897 shares of the industrial products company’s stock valued at $253,197,000 after acquiring an additional 340,639 shares in the last quarter. Norges Bank acquired a new stake in Alcoa in the fourth quarter valued at approximately $210,497,000. Alliancebernstein L.P. grew its position in Alcoa by 3.7% in the third quarter. Alliancebernstein L.P. now owns 5,827,423 shares of the industrial products company’s stock valued at $235,428,000 after acquiring an additional 209,908 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Alcoa by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,704,529 shares of the industrial products company’s stock valued at $125,053,000 after acquiring an additional 393,862 shares in the last quarter.

NYSE AA opened at $27.84 on Friday. Alcoa has a 12 month low of $25.01 and a 12 month high of $62.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.42 and a quick ratio of 0.85. The stock has a market cap of $5.16 billion, a PE ratio of 7.78, a P/E/G ratio of 3.74 and a beta of 1.14.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, January 16th. The industrial products company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.16. Alcoa had a net margin of 1.69% and a return on equity of 9.21%. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that Alcoa will post 1.89 earnings per share for the current fiscal year.

Alcoa Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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Analyst Recommendations for Alcoa (NYSE:AA)

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