Brokerages Set Alcoa Co. (NYSE:AA) Target Price at $50.17

Alcoa Co. (NYSE:AA) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $49.92.

Several brokerages have recently weighed in on AA. Morgan Stanley lowered their price objective on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. HC Wainwright boosted their price objective on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. UBS Group decreased their target price on Alcoa from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday. Finally, BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AA. Mountaineer Partners Management LLC increased its holdings in Alcoa by 4,023.0% in the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after buying an additional 10,534,036 shares in the last quarter. Norges Bank acquired a new stake in shares of Alcoa during the 4th quarter valued at about $259,273,000. State Street Corp increased its stake in shares of Alcoa by 23.3% in the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock valued at $368,965,000 after purchasing an additional 1,805,915 shares in the last quarter. Sourcerock Group LLC raised its holdings in Alcoa by 319.1% in the 4th quarter. Sourcerock Group LLC now owns 1,978,009 shares of the industrial products company’s stock worth $74,729,000 after purchasing an additional 1,506,009 shares during the period. Finally, Paloma Partners Management Co boosted its position in Alcoa by 11,317.8% during the third quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company’s stock worth $55,084,000 after purchasing an additional 1,415,294 shares in the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Stock Down 4.2 %

Shares of Alcoa stock opened at $31.94 on Tuesday. The company has a 50-day simple moving average of $34.93 and a two-hundred day simple moving average of $38.05. The stock has a market capitalization of $8.27 billion, a PE ratio of -199.61, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. Alcoa has a 52-week low of $27.12 and a 52-week high of $47.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45.

Alcoa (NYSE:AA) last announced 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 return on equity of 5.54% and a net margin of 0.50%. On average, analysts anticipate that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

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

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.