Alcoa (NYSE:AA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alcoa (NYSE:AA) from a hold rating to a buy rating in a research report sent to investors on Saturday.

AA has been the topic of a number of other research reports. Zacks Research lowered Alcoa from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and issued a $52.00 price target on shares of Alcoa in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alcoa in a report on Monday, December 29th. UBS Group boosted their target price on shares of Alcoa from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company lowered their price target on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.25.

Alcoa Stock Performance

Shares of AA stock opened at $59.71 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.45. The firm has a market cap of $15.46 billion, a P/E ratio of 13.51 and a beta of 1.91. The firm’s 50 day moving average price is $58.60 and its 200-day moving average price is $43.83. Alcoa has a one year low of $21.53 and a one year high of $66.95.

Alcoa (NYSE:AA) last released its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.31. The company had revenue of ($1,130.00) million during the quarter, compared to the consensus estimate of $3.28 billion. Alcoa had a return on equity of 16.18% and a net margin of 9.12%.Alcoa’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. As a group, equities research analysts predict that Alcoa will post 4.43 EPS for the current year.

Institutional Trading of Alcoa

Several institutional investors have recently made changes to their positions in AA. Basepoint Wealth LLC acquired a new stake in Alcoa during the 4th quarter valued at $25,000. Advisory Services Network LLC purchased a new position in Alcoa in the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. grew its stake in shares of Alcoa by 52,500.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 525 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Alcoa during the third quarter worth about $29,000. Finally, Horrell Capital Management Inc. purchased a new stake in shares of Alcoa during the second quarter worth about $30,000.

About Alcoa

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.