JPMorgan Chase & Co. Has Lowered Expectations for Alcoa (NYSE:AA) Stock Price

Alcoa (NYSE:AA - Get Free Report) had its target price dropped by analysts at JPMorgan Chase & Co. from $28.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 3.01% from the company's current price.

AA has been the subject of several other research reports. BMO Capital Markets lifted their price target on Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. B. Riley raised shares of Alcoa to a "strong-buy" rating in a research report on Tuesday, January 21st. 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 report on Monday, January 6th. UBS Group cut their target price on shares of Alcoa from $47.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Bank of America reiterated an "underperform" rating and issued a $26.00 price objective (down previously from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.17.

Alcoa Trading Up 4.2 %

Shares of Alcoa stock traded up $0.97 during trading on Thursday, hitting $24.27. The stock had a trading volume of 8,958,802 shares, compared to its average volume of 5,431,586. The stock has a market cap of $6.28 billion, a PE ratio of -151.69, a PEG ratio of 0.19 and a beta of 2.28. The firm's fifty day simple moving average is $30.80 and its 200-day simple moving average is $36.82. Alcoa has a 12 month low of $21.53 and a 12 month high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.42. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.58 billion. As a group, sell-side analysts expect that Alcoa will post 4.43 EPS for the current fiscal year.

Institutional Trading of Alcoa

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Alcoa by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company's stock worth $981,491,000 after buying an additional 165,420 shares during the period. Norges Bank purchased a new stake in Alcoa during the 4th quarter worth $259,273,000. Geode Capital Management LLC raised its position in Alcoa by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company's stock valued at $159,966,000 after purchasing an additional 39,022 shares during the period. ARGA Investment Management LP lifted its stake in shares of Alcoa by 29.6% during the fourth quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company's stock worth $113,276,000 after purchasing an additional 684,505 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Alcoa by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company's stock worth $96,372,000 after buying an additional 192,078 shares during the period. Hedge funds and other institutional investors 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.