Alcoa Co. (NYSE:AA) Receives $40.82 Average PT from Analysts

Alcoa Co. (NYSE:AA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $41.64.

AA has been the subject of several recent research reports. B. Riley lifted their target price on shares of Alcoa from $37.00 to $41.00 and gave the company a "neutral" rating in a report on Tuesday, September 17th. Morgan Stanley dropped their target price on Alcoa from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday, July 22nd. StockNews.com cut Alcoa from a "hold" rating to a "sell" rating in a research note on Tuesday. B. Riley Financial reaffirmed a "neutral" rating and issued a $41.00 price target on shares of Alcoa in a research report on Tuesday, September 17th. Finally, UBS Group increased their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, September 19th.

Alcoa Trading Up 1.6 %

NYSE AA traded up $0.61 on Tuesday, hitting $39.19. The company's stock had a trading volume of 4,429,017 shares, compared to its average volume of 6,037,880. The firm has a market cap of $7.04 billion, a P/E ratio of -10.42 and a beta of 2.42. Alcoa has a 52-week low of $23.07 and a 52-week high of $45.48. The company's 50-day simple moving average is $32.69 and its 200 day simple moving average is $36.13. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.84 billion. During the same quarter in the previous year, the business posted ($0.35) earnings per share. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts predict that Alcoa will post 0.56 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.02%. Alcoa's payout ratio is -10.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Alcoa in the 2nd quarter worth $27,000. Scarborough Advisors LLC purchased a new stake in Alcoa in the fourth quarter worth about $39,000. Toronto Dominion Bank raised its stake in shares of Alcoa by 1,501.9% in the first quarter. Toronto Dominion Bank now owns 1,698 shares of the industrial products company's stock worth $57,000 after buying an additional 1,592 shares during the period. Fifth Third Bancorp lifted its position in shares of Alcoa by 15.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company's stock valued at $94,000 after buying an additional 309 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Alcoa during the 1st quarter valued at approximately $101,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

About Alcoa

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.