Alcoa Co. (NYSE:AA) Given Consensus Recommendation of "Hold" by Brokerages

Alcoa Co. (NYSE:AA - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve ratings firms that are covering the stock, Marketbeat.com reports. One equities research 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 price target among brokerages that have updated their coverage on the stock in the last year is $42.50.

Several research firms recently commented on AA. Bank of America restated an "underperform" rating and set a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. HC Wainwright raised their target price on Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut their target price on Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. UBS Group restated a "neutral" rating and set a $31.00 target price on shares of Alcoa in a research report on Thursday, May 15th. Finally, B. Riley cut their target price on Alcoa from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. boosted 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 buying an additional 296 shares during the period. SBI Securities Co. Ltd. bought a new stake in Alcoa during the fourth quarter worth about $29,000. Versant Capital Management Inc raised its holdings in 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. Point72 Hong Kong Ltd bought a new stake in Alcoa during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC raised its holdings in Alcoa by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after acquiring an additional 393 shares in the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Stock Performance

Shares of AA stock traded down $0.02 during mid-day trading on Friday, reaching $28.74. The stock had a trading volume of 8,172,937 shares, compared to its average volume of 5,574,993. The firm's 50 day simple moving average is $26.33 and its 200 day simple moving average is $33.07. 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 one year low of $21.53 and a one year high of $47.77. The firm has a market cap of $7.44 billion, a PE ratio of -179.64, a P/E/G ratio of 0.19 and a beta of 2.27.

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

Alcoa Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. Alcoa's dividend payout ratio is currently 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.