Alcoa (NYSE:AA) Price Target Cut to $37.00 by Analysts at B. Riley

Alcoa (NYSE:AA - Get Free Report) had its target price dropped by analysts at B. Riley from $38.00 to $37.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. B. Riley's price target points to a potential upside of 29.42% from the stock's previous close. B. Riley also issued estimates for Alcoa's Q2 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.57 EPS.

A number of other analysts have also recently commented on the company. Bank of America reiterated an "underperform" rating and set a $26.00 price objective (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price target on Alcoa from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Citigroup raised Alcoa to a "buy" rating and set a $42.00 price target for the company in a report on Tuesday, July 8th. Wall Street Zen lowered Alcoa from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, UBS Group reissued a "neutral" rating and set a $31.00 price target on shares of Alcoa in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $42.23.

Alcoa Stock Performance

NYSE AA traded up $0.10 during trading hours on Tuesday, hitting $28.59. The company's stock had a trading volume of 8,510,038 shares, compared to its average volume of 5,701,906. The company has a market cap of $7.40 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 0.18 and a beta of 2.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.71 and a quick ratio of 1.00. Alcoa has a 12 month low of $21.53 and a 12 month high of $47.77. The company's 50 day simple moving average is $28.69 and its two-hundred day simple moving average is $31.00.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $3.58 billion. Alcoa had a return on equity of 18.56% and a net margin of 6.79%. As a group, sell-side analysts expect that Alcoa will post 4.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Alcoa

Hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. boosted its position in 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 purchasing an additional 296 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Alcoa by 134.7% in the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 520 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Alcoa in the fourth quarter valued at approximately $36,000. Montag A & Associates Inc. purchased a new position in shares of Alcoa in the first quarter valued at approximately $40,000. Finally, Continuum Advisory LLC lifted its position in shares of Alcoa by 30.7% in the fourth quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 345 shares in the last quarter.

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.