Alcoa Co. (NYSE:AA) Receives Consensus Rating of "Hold" from Brokerages

Alcoa Co. (NYSE:AA - Get Free Report) has earned an average recommendation of "Hold" from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.50.

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Alcoa to $31.00 and gave the company a "hold" rating in a report on Friday, May 16th. Bank of America restated an "underperform" rating and issued a $26.00 target price (down previously from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. B. Riley dropped their target price on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th.

Institutional Investors Weigh In On Alcoa

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in shares of Alcoa by 77.1% during the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after acquiring an additional 296 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Alcoa by 134.7% during the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock worth $28,000 after acquiring an additional 520 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Alcoa in the 4th quarter worth about $29,000. Point72 Hong Kong Ltd bought a new stake in Alcoa in the 4th quarter worth about $36,000. Finally, Smartleaf Asset Management LLC grew its position in Alcoa by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after purchasing an additional 393 shares in the last quarter. 82.39% of the stock is owned by institutional investors.

Alcoa Price Performance

AA stock opened at $28.01 on Friday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of -175.06, a PEG ratio of 0.19 and a beta of 2.26. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa has a 12-month low of $21.53 and a 12-month high of $47.77. The company's fifty day simple moving average is $26.27 and its 200 day simple moving average is $33.34.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.42. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, analysts expect that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, May 20th. Alcoa's payout ratio is presently 12.05%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.