Alcoa Co. (NYSE:AA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Alcoa Co. (NYSE:AA) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $46.55.

A number of research firms recently weighed in on AA. BMO Capital Markets raised their price target on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Bank of America raised their price target on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. B. Riley raised shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th.

Hedge Funds Weigh In On Alcoa

Several large investors have recently modified their holdings of AA. Retirement Systems of Alabama grew its stake in Alcoa by 41.6% during the third quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock valued at $12,107,000 after acquiring an additional 92,201 shares in the last quarter. ING Groep NV bought a new stake in shares of Alcoa in the 3rd quarter worth approximately $10,201,000. Douglas Lane & Associates LLC lifted its holdings in shares of Alcoa by 2.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 1,421,955 shares of the industrial products company’s stock worth $54,859,000 after acquiring an additional 27,217 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alcoa by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company’s stock worth $24,233,000 after acquiring an additional 36,869 shares during the last quarter. Finally, Aigen Investment Management LP increased its stake in shares of Alcoa by 73.0% in the third quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 15,546 shares during the period.

Alcoa Trading Down 0.5 %

NYSE:AA opened at $35.36 on Monday. The firm’s fifty day moving average is $39.29 and its 200-day moving average is $37.51. 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 has a 52 week low of $24.86 and a 52 week high of $47.77. The firm has a market cap of $9.13 billion, a P/E ratio of -220.98, a P/E/G ratio of 0.19 and a beta of 2.47.

Alcoa (NYSE:AA) last released its 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%. Equities analysts expect that Alcoa will post 4.43 earnings per share for the current year.

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.