Alcoa (NYSE:AA) Price Target Lowered to $47.00 at UBS Group

Alcoa (NYSE:AA - Get Free Report) had its price objective reduced by equities researchers at UBS Group from $53.00 to $47.00 in a report released on Thursday, MarketBeat reports. The firm presently has a "buy" rating on the industrial products company's stock. UBS Group's price target would suggest a potential upside of 54.08% from the company's previous close.

AA has been the topic of a number of other reports. B. Riley upgraded shares of Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. BMO Capital Markets upped their target price on Alcoa to $43.00 and gave the company a "hold" rating in a research report on Friday, January 17th. Morgan Stanley lowered their price target on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, Bank of America increased their price objective on shares of Alcoa to $58.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.92.

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Alcoa Stock Down 0.5 %

Shares of AA traded down $0.16 during midday trading on Thursday, reaching $30.50. 4,974,257 shares of the stock were exchanged, compared to its average volume of 5,366,004. The company has a market capitalization of $7.90 billion, a P/E ratio of -190.65, a PEG ratio of 0.19 and a beta of 2.55. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa has a 52 week low of $27.12 and a 52 week high of $47.77. The company's 50 day moving average is $34.75 and its two-hundred day moving average is $38.19.

Alcoa (NYSE:AA - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (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 5.54%. On average, sell-side analysts anticipate that Alcoa will post 4.43 earnings per share for the current year.

Institutional Investors Weigh In On Alcoa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its holdings in Alcoa by 3.2% during the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock worth $339,000 after acquiring an additional 279 shares during the period. Bessemer Group Inc. boosted its position in Alcoa by 77.1% in the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after purchasing an additional 296 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Alcoa by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock worth $1,988,000 after purchasing an additional 300 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company's stock valued at $246,000 after buying an additional 328 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Alcoa by 3.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company's stock worth $365,000 after acquiring an additional 339 shares in 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.