Alcoa (NYSE:AA) Price Target Cut to $51.00 by Analysts at Morgan Stanley

Alcoa (NYSE:AA - Get Free Report) had its target price cut by equities research analysts at Morgan Stanley from $55.00 to $51.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the industrial products company's stock. Morgan Stanley's target price would suggest a potential upside of 44.25% from the company's previous close.

AA has been the topic of a number of other reports. StockNews.com raised shares of Alcoa from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. UBS Group boosted their price objective on shares of Alcoa from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Jefferies Financial Group lowered their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the stock a "hold" rating in a research note on Friday, January 17th. Finally, Argus upgraded Alcoa from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.55.

Alcoa Trading Down 0.5 %

Shares of Alcoa stock traded down $0.17 during trading hours on Tuesday, reaching $35.36. The stock had a trading volume of 5,313,612 shares, compared to its average volume of 5,011,876. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of -220.98, a P/E/G ratio of 0.19 and a beta of 2.47. Alcoa has a 1 year low of $24.86 and a 1 year high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $39.29 and a two-hundred day simple moving average of $37.51.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that Alcoa will post 4.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new position in Alcoa during the 2nd quarter valued at approximately $27,000. UMB Bank n.a. boosted its holdings 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 period. Quarry LP bought a new position in shares of Alcoa during the third quarter worth about $43,000. Continuum Advisory LLC increased its holdings in shares of Alcoa by 1,945.5% in the 3rd 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, GAMMA Investing LLC lifted its position in Alcoa by 399.0% in the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 1,157 shares during the last quarter.

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.