Alcoa (NYSE:AA) Receives $68.60 Consensus Target Price from Analysts

Shares of Alcoa (NYSE:AA) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $68.60.

AA has been the topic of several research reports. B. Riley Financial upped their price objective on Alcoa from $78.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. UBS Group raised Alcoa from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $75.00 to $80.00 in a report on Friday, May 22nd. Argus set a $73.00 price objective on Alcoa in a report on Monday, April 27th. Zacks Research downgraded Alcoa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th.

Alcoa Stock Up 3.5%

NYSE:AA opened at $75.68 on Friday. The stock’s fifty day moving average price is $66.40 and its two-hundred day moving average price is $58.62. Alcoa has a 52-week low of $25.83 and a 52-week high of $75.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.48. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 19.16 and a beta of 1.51.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Thursday, April 16th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.20). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company posted $2.15 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, analysts anticipate that Alcoa will post 7.95 EPS for the current year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Alcoa’s payout ratio is presently 10.13%.

Institutional Trading of Alcoa

Institutional investors and hedge funds have recently made changes to their positions in the business. Basepoint Wealth LLC bought a new stake in shares of Alcoa during the 4th quarter valued at $25,000. Advisory Services Network LLC bought a new stake in shares of Alcoa during the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. raised its position in shares of Alcoa by 52,500.0% during the 4th 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 during the last quarter. Root Financial Partners LLC bought a new stake in shares of Alcoa during the 3rd quarter valued at $29,000. Finally, CoreCap Advisors LLC raised its position in shares of Alcoa by 74.1% during the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 237 shares during the last quarter.

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.