Alcoa Corp (NYSE:AA) has earned an average recommendation of “Buy” from the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $62.25.

Several analysts have issued reports on the stock. Bank of America increased their target price on shares of Alcoa from $64.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, April 19th. Argus increased their target price on shares of Alcoa from $59.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, April 20th. Deutsche Bank set a $70.00 target price on shares of Alcoa and gave the stock a “buy” rating in a research note on Monday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Alcoa and gave the stock an “overweight” rating in a research note on Thursday, April 19th. Finally, Credit Suisse Group increased their target price on shares of Alcoa from $61.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, April 19th.

Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Alcoa by 34.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,007 shares of the industrial products company’s stock valued at $701,000 after purchasing an additional 3,320 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Alcoa by 3.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 31,570 shares of the industrial products company’s stock valued at $1,701,000 after purchasing an additional 1,178 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Alcoa by 313.8% during the 4th quarter. Teacher Retirement System of Texas now owns 62,976 shares of the industrial products company’s stock valued at $3,393,000 after purchasing an additional 47,758 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Alcoa by 14.3% during the 4th quarter. California Public Employees Retirement System now owns 665,306 shares of the industrial products company’s stock valued at $35,840,000 after purchasing an additional 83,366 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Alcoa by 2.3% during the 4th quarter. Swiss National Bank now owns 313,994 shares of the industrial products company’s stock valued at $16,915,000 after purchasing an additional 7,100 shares during the last quarter.

Shares of AA stock traded up $0.75 during trading on Friday, reaching $45.56. 3,383,121 shares of the company’s stock traded hands, compared to its average volume of 4,096,322. The stock has a market capitalization of $8.44 billion, a P/E ratio of 15.14, a PEG ratio of 0.84 and a beta of 0.01. The company has a current ratio of 1.39, a quick ratio of 0.85 and a debt-to-equity ratio of 0.19. Alcoa has a 1 year low of $29.79 and a 1 year high of $62.35.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, April 18th. The industrial products company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.17. Alcoa had a net margin of 1.17% and a return on equity of 7.72%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the company posted $0.63 EPS. Alcoa’s revenue was up 16.4% compared to the same quarter last year. equities analysts predict that Alcoa will post 4.81 EPS for the current year.

About Alcoa

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.

Analyst Recommendations for Alcoa (NYSE:AA)

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