Alcoa (NYSE:AA) Price Target Lowered to $38.00 at B. Riley

Alcoa (NYSE:AA - Get Free Report) had its target price decreased by B. Riley from $43.00 to $38.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. B. Riley's price objective would suggest a potential upside of 34.85% from the company's current price. B. Riley also issued estimates for Alcoa's FY2026 earnings at $2.82 EPS.

Several other research analysts have also issued reports on AA. Wall Street Zen lowered Alcoa from a "buy" rating to a "hold" rating in a research report on Sunday. JPMorgan Chase & Co. lifted their target price on Alcoa from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Bank of America reiterated an "underperform" rating and set a $26.00 target price (down from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. UBS Group reiterated a "neutral" rating and set a $31.00 target price on shares of Alcoa in a report on Thursday, May 15th. Finally, HC Wainwright lifted their target price on Alcoa to $90.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Alcoa presently has a consensus rating of "Hold" and an average price target of $42.33.

Alcoa Trading Down 2.2%

Shares of NYSE:AA traded down $0.62 during midday trading on Tuesday, hitting $28.18. The company had a trading volume of 3,765,918 shares, compared to its average volume of 5,596,906. Alcoa has a 12 month low of $21.53 and a 12 month high of $47.77. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 0.16 and a beta of 2.26. The firm has a fifty day simple moving average of $27.14 and a 200 day simple moving average of $31.87.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.42. Alcoa had a return on equity of 18.56% and a net margin of 6.79%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. On average, analysts predict that Alcoa will post 4.43 EPS for the current year.

Institutional Trading of Alcoa

Several hedge funds and other institutional investors have recently modified their holdings of AA. Vanguard Group Inc. increased its position in shares of Alcoa by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company's stock valued at $981,491,000 after acquiring an additional 165,420 shares during the last quarter. Norges Bank acquired a new stake in shares of Alcoa in the fourth quarter valued at about $259,273,000. Dimensional Fund Advisors LP increased its position in shares of Alcoa by 33.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,803,086 shares of the industrial products company's stock valued at $207,490,000 after acquiring an additional 1,721,222 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alcoa by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company's stock valued at $159,966,000 after acquiring an additional 39,022 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Alcoa by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company's stock valued at $96,372,000 after acquiring an additional 192,078 shares during the last quarter.

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.