Investment Analysts’ Weekly Ratings Updates for Alcoa (AA)

Alcoa (NYSE: AA) recently received a number of ratings updates from brokerages and research firms:

7/5/2018 – Alcoa was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. 6/25/2018 – Alcoa was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “ 6/21/2018 – Alcoa is now covered by analysts at B. Riley. They set a “neutral” rating and a $47.00 price target on the stock. 6/19/2018 – Alcoa was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “ 6/16/2018 – Alcoa was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating. 5/30/2018 – Alcoa was given a new $70.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock. 5/16/2018 – Alcoa was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.

Alcoa stock opened at $48.29 on Tuesday. The company has a market capitalization of $8.79 billion, a PE ratio of 16.04, a P/E/G ratio of 0.87 and a beta of 0.07. Alcoa Corp has a twelve month low of $33.68 and a twelve month high of $62.35. The company has a quick ratio of 0.85, a current ratio of 1.39 and a debt-to-equity ratio of 0.19.

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Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, April 18th. The industrial products company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.17. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Alcoa had a net margin of 1.17% and a return on equity of 7.72%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. equities research analysts predict that Alcoa Corp will post 4.83 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in AA. Centaurus Financial Inc. bought a new stake in shares of Alcoa in the first quarter worth $112,000. Berson & Corrado Investment Advisors LLC bought a new stake in shares of Alcoa in the second quarter worth $202,000. American International Group Inc. bought a new stake in shares of Alcoa in the fourth quarter worth $208,000. Alpine Global Management LLC bought a new stake in shares of Alcoa in the first quarter worth $208,000. Finally, Assetmark Inc. lifted its position in shares of Alcoa by 1,398.1% in the first quarter. Assetmark Inc. now owns 4,689 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 4,376 shares in the last quarter.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.