Alcoa Co. (NYSE:AA) Receives $44.75 Average Price Target from Analysts

Shares of Alcoa Co. (NYSE:AA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.75.

AA has been the topic of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of Alcoa from $42.00 to $45.00 and gave the company a "market perform" rating in a report on Thursday, October 17th. UBS Group upped their target price on Alcoa from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. B. Riley upgraded Alcoa from a "neutral" rating to a "buy" rating and raised their price target for the company from $41.00 to $50.00 in a research note on Thursday, October 17th. Argus raised Alcoa from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Wednesday, October 23rd. Finally, B. Riley Financial reissued a "neutral" rating and issued a $41.00 price objective on shares of Alcoa in a research report on Tuesday, September 17th.

Alcoa Trading Up 0.3 %

Shares of Alcoa stock traded up $0.14 on Wednesday, hitting $45.74. 3,848,702 shares of the company's stock traded hands, compared to its average volume of 5,849,801. Alcoa has a one year low of $23.80 and a one year high of $46.55. The firm's 50-day moving average price is $39.91 and its two-hundred day moving average price is $37.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80. The stock has a market capitalization of $11.82 billion, a PE ratio of -25.99, a price-to-earnings-growth ratio of 0.84 and a beta of 2.42.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.34. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.97 billion. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. Alcoa's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.14) earnings per share. On average, research analysts expect that Alcoa will post 0.89 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, October 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. Alcoa's payout ratio is -22.73%.

Insider Transactions at Alcoa

In other Alcoa 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 directly owns 57,317 shares of the company's stock, valued at approximately $2,423,935.93. The trade was a 29.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alcoa

Several institutional investors have recently made changes to their positions in AA. Newbridge Financial Services Group Inc. bought a new stake in shares of Alcoa during the second quarter worth about $27,000. UMB Bank n.a. increased its position in shares of Alcoa by 481.7% during the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 631 shares during the last quarter. Quarry LP purchased a new stake in shares of Alcoa during the 3rd quarter valued at $43,000. Continuum Advisory LLC raised its position in Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock worth $46,000 after acquiring an additional 1,070 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Alcoa by 1,501.9% in the first quarter. Toronto Dominion Bank now owns 1,698 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 1,592 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company's stock.

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.