Alcoa Co. (NYSE:AA) Receives $44.17 Average PT from Analysts

Shares of Alcoa Co. (NYSE:AA - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $44.17.

A number of analysts have issued reports on AA shares. Morgan Stanley decreased their target price on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. StockNews.com raised Alcoa from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. dropped their price objective on Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. UBS Group dropped their price target on Alcoa from $47.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, BMO Capital Markets lifted their price target on Alcoa to $43.00 and gave the stock a "hold" rating in a research note on Friday, January 17th.

Alcoa Stock Up 7.1 %

Shares of NYSE:AA traded up $1.72 during midday trading on Friday, hitting $26.04. 1,096,378 shares of the company's stock were exchanged, compared to its average volume of 5,408,351. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The stock has a 50 day moving average price of $30.55 and a 200-day moving average price of $36.73. The company has a market cap of $6.74 billion, a PE ratio of -162.75, a price-to-earnings-growth ratio of 0.19 and a beta of 2.28. Alcoa has a 12 month low of $21.53 and a 12 month high of $47.77.

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

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. Alcoa's dividend payout ratio is currently 12.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AA. Norges Bank bought a new position in shares of Alcoa during the 4th quarter valued at approximately $259,273,000. Sourcerock Group LLC boosted its stake in shares of Alcoa by 319.1% during the 4th quarter. Sourcerock Group LLC now owns 1,978,009 shares of the industrial products company's stock worth $74,729,000 after purchasing an additional 1,506,009 shares during the period. Northern Trust Corp boosted its stake in shares of Alcoa by 46.8% during the 4th quarter. Northern Trust Corp now owns 2,549,608 shares of the industrial products company's stock worth $96,324,000 after purchasing an additional 813,214 shares during the period. ARGA Investment Management LP boosted its position in Alcoa by 29.6% in the 4th quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company's stock valued at $113,276,000 after buying an additional 684,505 shares during the period. Finally, Wellington Management Group LLP boosted its position in Alcoa by 488.2% in the 4th quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company's stock valued at $30,320,000 after buying an additional 666,117 shares during the period. 82.39% of the stock is currently owned by institutional investors.

About Alcoa

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.