Investment Analysts’ Recent Ratings Changes for Alcoa Corp. (AA)

A number of research firms have changed their ratings and price targets for Alcoa Corp. (NYSE: AA):

  • 8/9/2017 – Alcoa Corp. is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $42.00 price target on the stock.
  • 8/9/2017 – Alcoa Corp. had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $44.00 price target on the stock.
  • 8/5/2017 – Alcoa Corp. was given a new $45.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 7/22/2017 – Alcoa Corp. had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $45.00 price target on the stock.
  • 7/21/2017 – Alcoa Corp. had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 7/20/2017 – Alcoa Corp. had its “buy” rating reaffirmed by analysts at Clarkson Capital.
  • 7/4/2017 – Alcoa Corp. was given a new $45.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 6/27/2017 – Alcoa Corp. was downgraded by analysts at Morgan Stanley from a “top pick” rating to a “buy” rating. They now have a $47.00 price target on the stock, up previously from $43.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/25/2017 – Alcoa Corp. had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $44.00 price target on the stock, up previously from $37.00.
  • 6/23/2017 – Alcoa Corp. was upgraded by analysts at ING Group to a “buy” rating.

Shares of Alcoa Corp. (NYSE:AA) opened at 37.78 on Friday. The stock has a market cap of $6.96 billion and a price-to-earnings ratio of 42.98. Alcoa Corp. has a 52-week low of $20.53 and a 52-week high of $40.36. The stock’s 50 day moving average is $35.38 and its 200 day moving average is $34.37. Alcoa Corp. also saw some unusual options trading on Tuesday. Investors acquired 20,670 call options on the stock. This represents an increase of 456% compared to the typical volume of 3,715 call options.

Alcoa Corp. (NYSE:AA) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Alcoa Corp. had a return on equity of 3.29% and a net margin of 1.63%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. On average, equities analysts predict that Alcoa Corp. will post $2.80 EPS for the current fiscal year.

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

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