Alcoa (NYSE:AA) Stock Rating Upgraded by Wall Street Zen

Alcoa (NYSE:AA) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

AA has been the topic of a number of other reports. Royal Bank Of Canada set a $70.00 price target on Alcoa in a report on Wednesday, July 1st. UBS Group decreased their price objective on Alcoa from $80.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Freedom Broker increased their price objective on Alcoa from $64.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Zacks Research raised Alcoa from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Alcoa in a research note on Monday, September 14th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.17.

Alcoa Trading Up 0.0%

AA opened at $41.45 on Friday. The stock has a market capitalization of $10.94 billion, a P/E ratio of 7.16, a P/E/G ratio of 0.51 and a beta of 1.74. Alcoa has a 12 month low of $35.12 and a 12 month high of $84.38. The firm’s fifty day simple moving average is $46.92 and its 200 day simple moving average is $55.99. The company has a current ratio of 2.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58.

Alcoa (NYSE:AA) last announced its earnings results on Thursday, October 15th. The industrial products company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.31. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. Alcoa had a net margin of 10.77% and a return on equity of 24.58%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. As a group, research analysts anticipate that Alcoa will post 6.69 EPS for the current fiscal year.

Insider Activity

In other Alcoa news, EVP Tammi Jones sold 15,628 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $50.60, for a total transaction of $790,776.80. Following the sale, the executive vice president directly owned 39,819 shares of the company’s stock, valued at $2,014,841.40. The trade was a 28.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Renato Bacchi sold 700 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $51.02, for a total transaction of $35,714.00. Following the transaction, the executive vice president owned 74,930 shares of the company’s stock, valued at approximately $3,822,928.60. This represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.43% of the company’s stock.

Institutional Trading of Alcoa

Several institutional investors and hedge funds have recently bought and sold shares of AA. Shelton Wealth Management LLC increased its holdings in Alcoa by 24.7% during the third quarter. Shelton Wealth Management LLC now owns 17,693 shares of the industrial products company’s stock worth $743,000 after buying an additional 3,507 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Alcoa by 1,498.8% during the third quarter. Assenagon Asset Management S.A. now owns 717,838 shares of the industrial products company’s stock worth $30,149,000 after acquiring an additional 672,939 shares in the last quarter. GAMMA Investing LLC raised its position in Alcoa by 10.4% during the third quarter. GAMMA Investing LLC now owns 6,852 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 646 shares in the last quarter. YHB Investment Advisors Inc. lifted its stake in Alcoa by 3.2% in the third quarter. YHB Investment Advisors Inc. now owns 9,569 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 301 shares during the last quarter. Finally, Ausbil Investment Management Ltd acquired a new stake in Alcoa in the third quarter valued at $588,000. Institutional investors own 82.39% of the company’s stock.

More Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Profit more than doubled. Alcoa reported third-quarter net income of $483 million, up from $232 million a year earlier, while adjusted earnings per share of $1.82 exceeded analysts’ expectations of approximately $1.51–$1.54. Revenue rose 23.7% year over year to $3.704 billion. Alcoa rallies after posting higher Q3 profit
• Positive Sentiment: Operations and cash generation improved. Higher aluminum production, better refinery performance and strong quarterly free cash flow supported investor confidence. Management reaffirmed full-year production and shipment guidance across alumina and aluminum. Why Alcoa Stock Popped on Friday
• Positive Sentiment: Asset monetization provides a potential cash boost. Alcoa agreed to sell portions of its Massena East site for as much as $315 million, including land intended for data-center development. The transaction supports the company’s goal of monetizing $500 million to $1 billion of assets by 2030. Alcoa plans to sell part of its Massena East site
• Positive Sentiment: South32 transaction advanced. South32 shareholders approved Alcoa’s planned acquisition of assets in Australia, Brazil and South Africa. Alcoa has completed $2.6 billion in debt financing, with the multibillion-dollar AliGroup deal targeted to close in the first half of 2027. Alcoa key takeaways for long-term investors
• Positive Sentiment: Shareholder returns continued. The board declared a quarterly dividend of $0.10 per share, payable November 13 to investors of record October 27. Barclays also initiated coverage with an Overweight rating and a $55 price target. Alcoa declares quarterly cash dividend

Alcoa Company Profile

Alcoa Corporation (NYSE:AA) is a global producer of aluminum and an integrated participant in the aluminum industry. Its operations span the value chain from bauxite mining and alumina refining to aluminum smelting, casting and recycling.

The company supplies aluminum products used in transportation, building and construction, packaging, aerospace, automotive, electrical and other industrial applications. Its portfolio includes primary aluminum, alumina, aluminum billets and other cast products, as well as low-carbon and recycled aluminum offerings.

Alcoa traces its origins to the Pittsburgh Reduction Company, founded in 1888, and has helped develop the modern aluminum industry.