Alcoa Co. (NYSE:AA) Receives $50.17 Average Price Target from Brokerages

Shares of Alcoa Co. (NYSE:AA - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.17.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. B. Riley upgraded Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. Morgan Stanley dropped their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group reduced their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, BMO Capital Markets upped their target price on Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AA. Ballentine Partners LLC grew its holdings in Alcoa by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock worth $339,000 after purchasing an additional 279 shares during the period. Bessemer Group Inc. boosted its position in shares of Alcoa by 77.1% in the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after purchasing an additional 296 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Alcoa by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock worth $1,988,000 after buying an additional 300 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Alcoa by 5.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company's stock valued at $246,000 after buying an additional 328 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Alcoa by 3.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company's stock valued at $365,000 after buying an additional 339 shares during the last quarter. 82.39% of the stock is currently owned by institutional investors.

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Alcoa Trading Up 0.6 %

AA traded up $0.19 on Tuesday, hitting $33.66. 3,644,494 shares of the company were exchanged, compared to its average volume of 5,242,301. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The firm has a fifty day simple moving average of $35.23 and a two-hundred day simple moving average of $38.09. The stock has a market capitalization of $8.71 billion, a PE ratio of -210.38, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. Alcoa has a 12 month low of $27.12 and a 12 month high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Sell-side analysts expect that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa's dividend payout ratio (DPR) is presently -250.00%.

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.