Analysts Set Alcoa Co. (NYSE:AA) Price Target at $50.17

Shares of Alcoa Co. (NYSE:AA) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $49.92.

Several research firms recently commented on AA. Jefferies Financial Group reduced their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. BMO Capital Markets lifted their price target on Alcoa to $43.00 and gave the company a “hold” rating in a research report on Friday, January 17th. HC Wainwright boosted their price objective on Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. UBS Group reduced their target price on Alcoa from $53.00 to $47.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th.

Hedge Funds Weigh In On Alcoa

Several institutional investors and hedge funds have recently bought and sold shares of AA. Vanguard Group Inc. boosted its stake in shares of Alcoa by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company’s stock valued at $981,491,000 after purchasing an additional 165,420 shares in the last quarter. Mountaineer Partners Management LLC boosted its position in Alcoa by 4,023.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after acquiring an additional 10,534,036 shares in the last quarter. State Street Corp grew its holdings in shares of Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock worth $368,965,000 after acquiring an additional 1,805,915 shares during the period. Norges Bank bought a new position in shares of Alcoa in the 4th quarter worth approximately $259,273,000. Finally, Geode Capital Management LLC lifted its stake in shares of Alcoa by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company’s stock valued at $159,966,000 after purchasing an additional 39,022 shares during the period. 82.39% of the stock is currently owned by institutional investors.

Alcoa Stock Performance

Shares of AA opened at $31.94 on Tuesday. Alcoa has a 1 year low of $27.12 and a 1 year high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The stock’s fifty day moving average price is $34.93 and its two-hundred day moving average price is $38.05. The firm has a market cap of $8.27 billion, a PE ratio of -199.61, a PEG ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating 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, equities research analysts forecast that Alcoa will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) is currently -250.00%.

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.