Alcoa (NYSE:AA) Price Target Lowered to $51.00 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 note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. Morgan Stanley's price objective indicates a potential upside of 49.35% from the company's previous close.

A number of other analysts have also recently commented on AA. BMO Capital Markets increased their price target on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Bank of America raised their target price on shares of Alcoa to $58.00 and gave the company a "buy" rating in a report on Friday. Jefferies Financial Group decreased their target price 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. UBS Group raised their price target on shares of Alcoa from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Alcoa has an average rating of "Moderate Buy" and an average price target of $46.55.

Alcoa Stock Down 2.4 %

Shares of Alcoa stock traded down $0.82 on Tuesday, hitting $34.15. The company had a trading volume of 5,678,124 shares, compared to its average volume of 5,570,295. Alcoa has a twelve month low of $24.86 and a twelve month high of $47.77. The stock has a 50-day moving average of $39.92 and a 200-day moving average of $37.57. The firm has a market capitalization of $8.82 billion, a P/E ratio of -213.42, a P/E/G ratio of 0.16 and a beta of 2.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80.

Alcoa (NYSE:AA - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 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 5.48%. Research analysts predict that Alcoa will post 4.27 earnings per share for the current year.

Institutional Trading of Alcoa

Hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new stake in Alcoa during the 2nd quarter valued at $27,000. UMB Bank n.a. raised its holdings in shares of Alcoa by 481.7% in the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 631 shares during the last quarter. Quarry LP purchased a new stake in shares of Alcoa in the third quarter valued at about $43,000. Continuum Advisory LLC raised its holdings in shares of Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 1,070 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Alcoa by 399.0% during the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock valued at $55,000 after buying an additional 1,157 shares during the period.

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.