UBS Group Has Lowered Expectations for Alcoa (NYSE:AA) Stock Price

Alcoa (NYSE:AA) had its price target cut by UBS Group from $53.00 to $47.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other analysts have also issued research reports about the company. Morgan Stanley reduced their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Bank of America raised their price objective on Alcoa to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. HC Wainwright upped their target price on Alcoa to $90.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. BMO Capital Markets raised their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.92.

Alcoa Trading Down 4.2 %

Shares of AA opened at $31.94 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa has a 1-year low of $27.12 and a 1-year high of $47.77. The stock has a market capitalization of $8.27 billion, a P/E ratio of -199.61, a P/E/G ratio of 0.19 and a beta of 2.55. The business’s 50-day moving average price is $34.93 and its 200 day moving average price is $38.05.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Analysts expect that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa’s payout ratio is -250.00%.

Institutional Trading of Alcoa

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in shares of Alcoa by 77.1% in the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 296 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Alcoa during the fourth quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new position in Alcoa during the fourth quarter valued at approximately $36,000. Smartleaf Asset Management LLC raised its position in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 393 shares during the period. Finally, Quarry LP acquired a new stake in shares of Alcoa in the third quarter worth $43,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.