ALCOA CORP (NYSE:AA)‘s stock had its “buy” rating restated by analysts at J P Morgan Chase & Co in a report released on Thursday. They currently have a $60.00 price objective on the industrial products company’s stock. J P Morgan Chase & Co’s target price indicates a potential upside of 25.18% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. ING Group raised shares of ALCOA CORP to a “buy” rating in a report on Friday, June 23rd. Deutsche Bank AG raised shares of ALCOA CORP from a “hold” rating to a “buy” rating and raised their price target for the company from $44.00 to $60.00 in a report on Tuesday, September 12th. BMO Capital Markets set a $45.00 price target on shares of ALCOA CORP and gave the company a “buy” rating in a report on Saturday, August 5th. Clarkson Capital reaffirmed a “buy” rating on shares of ALCOA CORP in a report on Thursday, July 20th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $45.00 price target on shares of ALCOA CORP in a report on Saturday, July 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. ALCOA CORP presently has a consensus rating of “Buy” and an average target price of $49.88.

ALCOA CORP (AA) opened at 47.93 on Thursday. ALCOA CORP has a 1-year low of $20.00 and a 1-year high of $49.30. The firm has a 50 day moving average of $46.37 and a 200 day moving average of $46.37. The firm has a market cap of $8.84 billion and a P/E ratio of 54.53.

ALCOA CORP (NYSE:AA) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). ALCOA CORP had a return on equity of 4.91% and a net margin of 2.61%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company earned $0.32 EPS. ALCOA CORP’s revenue was up 27.3% on a year-over-year basis. On average, equities research analysts expect that ALCOA CORP will post $3.15 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/alcoa-corp-aa-rating-reiterated-by-j-p-morgan-chase-co/1645014.html.

Hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc lifted its position in shares of ALCOA CORP by 2.4% in the 2nd quarter. NEXT Financial Group Inc now owns 4,462 shares of the industrial products company’s stock worth $146,000 after buying an additional 104 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of ALCOA CORP by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 4,488 shares of the industrial products company’s stock worth $147,000 after buying an additional 348 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of ALCOA CORP by 3.8% in the 2nd quarter. Van ECK Associates Corp now owns 5,779 shares of the industrial products company’s stock worth $189,000 after buying an additional 213 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of ALCOA CORP by 220.6% in the 2nd quarter. Global X Management Co. LLC now owns 5,803 shares of the industrial products company’s stock worth $189,000 after buying an additional 3,993 shares during the last quarter. Finally, AXA bought a new position in shares of ALCOA CORP in the 1st quarter worth about $206,000.

About ALCOA CORP

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

Analyst Recommendations for ALCOA CORP (NYSE:AA)

Receive News & Ratings for ALCOA CORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALCOA CORP and related companies with Analyst Ratings Network's FREE daily email newsletter.