Alcoa Co. (NYSE:AA) Receives $44.75 Consensus Target Price from Brokerages

Shares of Alcoa Co. (NYSE:AA) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $44.75.

Several equities research analysts have weighed in on AA shares. B. Riley Financial reissued a “neutral” rating and set a $41.00 price objective on shares of Alcoa in a research note on Tuesday, September 17th. B. Riley raised Alcoa from a “neutral” rating to a “buy” rating and boosted their target price for the company from $41.00 to $50.00 in a research report on Thursday, October 17th. BMO Capital Markets raised their price target on Alcoa from $42.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 17th. StockNews.com raised shares of Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, UBS Group increased their target price 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.

Insider Buying and Selling at Alcoa

In other Alcoa news, EVP Renato Bacchi sold 23,867 shares of Alcoa stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the completion of the sale, the executive vice president now directly owns 57,317 shares of the company’s stock, valued at $2,423,935.93. The trade was a 29.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Alcoa

Several large investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new position in Alcoa during the second quarter valued at approximately $27,000. UMB Bank n.a. increased its holdings in shares of Alcoa by 481.7% in the 3rd quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 631 shares during the period. Quarry LP bought a new position in shares of Alcoa in the 3rd quarter worth $43,000. Continuum Advisory LLC lifted its stake in shares of Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Alcoa by 1,501.9% during the first quarter. Toronto Dominion Bank now owns 1,698 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 1,592 shares in the last quarter.

Alcoa Stock Down 2.2 %

NYSE AA opened at $45.44 on Wednesday. The stock has a 50 day moving average price of $40.47 and a 200-day moving average price of $37.94. Alcoa has a one year low of $23.80 and a one year high of $46.60. The company has a market capitalization of $11.74 billion, a P/E ratio of -25.82, a P/E/G ratio of 0.87 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.34. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted ($1.14) EPS. As a group, equities analysts predict that Alcoa will post 0.89 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, October 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.88%. The ex-dividend date was Tuesday, October 29th. Alcoa’s dividend payout ratio is presently -22.73%.

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.