Alcoa Co. (NYSE:AA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Alcoa Co. (NYSE:AA) have earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $46.55.

AA has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Argus upgraded Alcoa from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, October 23rd. UBS Group boosted their target price on Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group dropped their target price on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th.

Alcoa Trading Up 0.5 %

AA opened at $36.12 on Monday. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of -225.77, a PEG ratio of 0.20 and a beta of 2.43. 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 12 month low of $24.86 and a 12 month high of $47.77. The stock has a fifty day moving average price of $38.20 and a 200-day moving average price of $37.50.

Alcoa (NYSE:AA) last released its quarterly 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 return on equity of 5.54% and a net margin of 0.50%. As a group, equities research analysts anticipate that Alcoa will post 4.43 earnings per share for the current fiscal year.

Institutional Trading of Alcoa

Several large investors have recently added to or reduced their stakes in AA. Retirement Systems of Alabama grew its holdings in Alcoa by 41.6% during the third quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock worth $12,107,000 after acquiring an additional 92,201 shares during the period. ING Groep NV purchased a new position in Alcoa during the third quarter worth approximately $10,201,000. Douglas Lane & Associates LLC boosted its position in Alcoa by 2.0% during the third quarter. Douglas Lane & Associates LLC now owns 1,421,955 shares of the industrial products company’s stock worth $54,859,000 after purchasing an additional 27,217 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Alcoa by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company’s stock worth $24,233,000 after purchasing an additional 36,869 shares in the last quarter. Finally, Aigen Investment Management LP boosted its position in Alcoa by 73.0% during the third quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company’s stock worth $1,422,000 after purchasing an additional 15,546 shares in the last quarter.

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.