UBS Group Has Lowered Expectations for Alcoa (NYSE:AA) Stock Price

Alcoa (NYSE:AA - Get Free Report) had its price objective reduced by stock analysts at UBS Group from $47.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. UBS Group's price objective suggests a potential upside of 37.56% from the stock's current price.

Several other brokerages have also issued reports on AA. JPMorgan Chase & Co. dropped their target price on Alcoa from $40.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. HC Wainwright boosted their price target on shares of Alcoa to $90.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. Morgan Stanley decreased their price target on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Finally, B. Riley upgraded shares of Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $44.17.

Alcoa Price Performance

Shares of AA stock traded down $1.81 on Tuesday, hitting $23.26. 13,603,045 shares of the stock traded hands, compared to its average volume of 5,410,836. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of -145.39, a PEG ratio of 0.19 and a beta of 2.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $31.05 and a two-hundred day simple moving average of $36.94. Alcoa has a 52 week low of $21.53 and a 52 week high of $47.77.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quantinno Capital Management LP purchased a new position in Alcoa during the third quarter worth approximately $253,000. MML Investors Services LLC acquired a new stake in shares of Alcoa in the third quarter valued at about $308,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alcoa during the third quarter worth about $239,000. Synovus Financial Corp purchased a new position in Alcoa in the 3rd quarter valued at about $456,000. Finally, Retirement Systems of Alabama boosted its holdings in Alcoa by 41.6% in the 3rd quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company's stock worth $12,107,000 after buying an additional 92,201 shares during the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

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.