Alcoa (NYSE:AA) had its target price decreased by JPMorgan Chase & Co. from $60.00 to $52.00 in a research report released on Thursday morning, The Fly reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

Other research analysts have also issued reports about the stock. TheStreet lowered shares of Alcoa from a c- rating to a d+ rating in a research report on Thursday, March 28th. ValuEngine raised shares of Alcoa from a strong sell rating to a sell rating in a research report on Thursday, December 20th. Zacks Investment Research raised shares of Alcoa from a strong sell rating to a hold rating in a research report on Thursday, January 3rd. Goldman Sachs Group raised shares of Alcoa from a neutral rating to a buy rating and set a $38.00 price target on the stock in a research report on Monday, January 14th. Finally, Bank of America lowered shares of Alcoa from a buy rating to a neutral rating and dropped their price target for the company from $45.00 to $31.00 in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $40.08.

Alcoa stock opened at $26.66 on Thursday. Alcoa has a 1-year low of $25.01 and a 1-year high of $62.35. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 4.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.85 and a current ratio of 1.42.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Alcoa had a negative net margin of 0.94% and a positive return on equity of 6.71%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business posted $0.77 earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. Equities research analysts predict that Alcoa will post 1.53 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Financial Architects Inc raised its position in Alcoa by 2,970.3% in the fourth quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 3,000 shares during the period. Nwam LLC bought a new stake in Alcoa in the fourth quarter worth about $333,000. Cohen & Steers Inc. raised its position in Alcoa by 79.0% in the third quarter. Cohen & Steers Inc. now owns 187,291 shares of the industrial products company’s stock worth $7,567,000 after acquiring an additional 82,632 shares during the period. Mackenzie Financial Corp raised its position in Alcoa by 15.4% in the third quarter. Mackenzie Financial Corp now owns 157,900 shares of the industrial products company’s stock worth $6,379,000 after acquiring an additional 21,020 shares during the period. Finally, AGF Investments Inc. bought a new stake in Alcoa in the fourth quarter worth about $433,000.

Alcoa Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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Analyst Recommendations for Alcoa (NYSE:AA)

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