UBS Group Issues Pessimistic Forecast for Alcoa (NYSE:AA) Stock Price

Alcoa (NYSE:AA) had its price objective decreased by investment analysts at UBS Group from $53.00 to $47.00 in a report released on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the industrial products company’s stock. UBS Group’s target price indicates a potential upside of 53.68% from the company’s current price.

AA has been the subject of several other reports. 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. Jefferies Financial Group reduced their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. BMO Capital Markets raised their target price on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Bank of America raised their price objective on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.92.

Alcoa Stock Performance

Shares of AA opened at $30.58 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The firm’s 50 day moving average is $34.75 and its 200-day moving average is $38.06. Alcoa has a 12-month low of $27.12 and a 12-month high of $47.77. The stock has a market capitalization of $7.92 billion, a P/E ratio of -191.15, a P/E/G ratio of 0.19 and a beta of 2.55.

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

Institutional Investors Weigh In On Alcoa

Several large investors have recently made changes to their positions in AA. Ballentine Partners LLC boosted its stake in shares of Alcoa by 3.2% during the 4th quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 279 shares in the last quarter. Bessemer Group Inc. grew its holdings in Alcoa by 77.1% during the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 296 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Alcoa by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company’s stock valued at $1,988,000 after purchasing an additional 300 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company’s stock worth $246,000 after buying an additional 328 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Alcoa by 3.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock worth $365,000 after buying an additional 339 shares during the period. Institutional investors 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.