Press coverage about Alcoa (NYSE:AA) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alcoa earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.5712066015516 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Alcoa Corporation (AA) Stock Diverse EPS Growth Level of Factors For This Year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Has the Section 232 Investigation Opened Pandora’s Box? (finance.yahoo.com)
- U.S. finds China aluminium foil imports dumped, subsidized -trade group (finance.yahoo.com)
- State of Tennessee Treasury Department Invests $10.77 Million in Alcoa Corp (AA) (americanbankingnews.com)
- Issue resolved: New owner of Yadkin Project actually owns the riverbed, too (finance.yahoo.com)
Shares of Alcoa (NYSE AA) traded down $0.46 during midday trading on Tuesday, hitting $46.22. 3,246,270 shares of the company’s stock traded hands, compared to its average volume of 4,710,000. The stock has a market cap of $8,550.00 and a price-to-earnings ratio of 36.39. Alcoa has a 52 week low of $29.55 and a 52 week high of $57.50. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.17.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $65.00 price objective on shares of Alcoa in a research report on Friday, December 22nd. ValuEngine upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Cowen reiterated a “market perform” rating and issued a $59.00 price objective (up from $51.00) on shares of Alcoa in a research report on Thursday, January 18th. JPMorgan Chase & Co. lifted their price objective on shares of Alcoa to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Finally, Credit Suisse Group upgraded shares of Alcoa from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $42.00 to $61.00 in a research report on Wednesday, December 20th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Alcoa currently has an average rating of “Buy” and a consensus target price of $57.72.
In other Alcoa news, VP William F. Oplinger sold 229,475 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following the sale, the vice president now directly owns 108,915 shares in the company, valued at approximately $5,757,246.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $51.37, for a total transaction of $513,700.00. Following the sale, the chief operating officer now owns 46,832 shares in the company, valued at $2,405,759.84. The disclosure for this sale can be found here.
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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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