Alcoa (NYSE:AA) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have a $23.00 price target on the industrial products company’s stock, down from their previous price target of $35.00. Deutsche Bank’s target price points to a potential upside of 1.77% from the company’s previous close.

Several other research analysts have also commented on AA. Gabelli lowered KEYW from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. BMO Capital Markets set a $208.00 price target on Jazz Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. set a €8.75 ($10.17) price target on Commerzbank and gave the stock a “buy” rating in a report on Thursday, April 18th. TheStreet downgraded Titan Machinery from a “b” rating to a “c+” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group reissued a “sell” rating on shares of Hi-Crush Partners in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $36.69.

Shares of NYSE:AA opened at $22.60 on Thursday. The stock has a market cap of $4.17 billion, a P/E ratio of 8.72, a P/E/G ratio of 17.72 and a beta of 1.34. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.25. Alcoa has a one year low of $20.82 and a one year high of $48.75. The company’s 50-day moving average is $22.33.

Alcoa (NYSE:AA) last issued 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 6.75%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business earned $0.77 EPS. Alcoa’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities research analysts expect that Alcoa will post 0.32 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of AA. Parallel Advisors LLC grew its holdings in shares of Alcoa by 143.3% in the 1st quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 589 shares during the last quarter. Farmers National Bank acquired a new position in shares of Alcoa in the 1st quarter worth $32,000. Penserra Capital Management LLC acquired a new position in shares of Alcoa in the 1st quarter worth $107,000. Investors Research Corp acquired a new position in shares of Alcoa in the 1st quarter worth $124,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Alcoa in the 1st quarter worth $235,000.

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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