Alcoa (NYSE:AA) Sets New 52-Week Low After Analyst Downgrade

Alcoa Co. (NYSE:AA - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday after UBS Group lowered their price target on the stock from $47.00 to $32.00. UBS Group currently has a buy rating on the stock. Alcoa traded as low as $21.53 and last traded at $25.84, with a volume of 13003185 shares changing hands. The stock had previously closed at $22.57.

Several other equities analysts have also issued reports on the stock. Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, January 6th. HC Wainwright increased their price target on Alcoa to $90.00 and gave the company a "buy" rating in a research note 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 note on Friday, January 17th. Bank of America reaffirmed an "underperform" rating and issued a $26.00 price objective (down from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. Finally, B. Riley raised shares of Alcoa to a "strong-buy" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $45.00.

Institutional Trading of Alcoa

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in shares of Alcoa by 630.4% during the 1st quarter. SG Americas Securities LLC now owns 28,955 shares of the industrial products company's stock worth $883,000 after buying an additional 24,991 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Alcoa by 58.8% during the 1st quarter. GAMMA Investing LLC now owns 2,298 shares of the industrial products company's stock worth $70,000 after purchasing an additional 851 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Alcoa in the 1st quarter valued at about $209,000. UMB Bank n.a. boosted its holdings in Alcoa by 109.9% during the first quarter. UMB Bank n.a. now owns 2,855 shares of the industrial products company's stock worth $87,000 after buying an additional 1,495 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new position in Alcoa during the first quarter worth about $5,720,000. Hedge funds and other institutional investors own 82.39% of the company's stock.

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Alcoa Stock Down 0.6 %

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 moving average of $32.05 and a two-hundred day moving average of $37.34. The stock has a market capitalization of $6.44 billion, a PE ratio of -155.44, a P/E/G ratio of 0.19 and a beta of 2.28.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (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%. Equities research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. Alcoa's payout ratio is -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.