Research Analysts’ Weekly Ratings Updates for Alcoa Corp (AA)

Several brokerages have updated their recommendations and price targets on shares of Alcoa Corp (NYSE: AA) in the last few weeks:

  • 10/11/2017 – Alcoa Corp was given a new $51.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 10/10/2017 – Alcoa Corp had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $62.00 price target on the stock, up previously from $55.00.
  • 10/4/2017 – Alcoa Corp was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating. They now have a $60.00 price target on the stock, up previously from $57.00.
  • 9/29/2017 – Alcoa Corp had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $53.00 price target on the stock.
  • 9/25/2017 – Alcoa Corp had its price target raised by analysts at Morgan Stanley from $47.00 to $54.00. They now have a “top pick” rating on the stock.
  • 9/22/2017 – Alcoa Corp was downgraded by analysts at Berenberg Bank from a “buy” rating to a “hold” rating. They now have a $44.00 price target on the stock, up previously from $41.00.
  • 9/20/2017 – Alcoa Corp had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $47.00 price target on the stock.
  • 9/14/2017 – Alcoa Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “
  • 9/13/2017 – Alcoa Corp had its price target raised by analysts at BMO Capital Markets from $45.00 to $60.00. They now have an “outperform” rating on the stock.
  • 9/12/2017 – Alcoa Corp was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock, up previously from $44.00.
  • 9/12/2017 – Alcoa Corp was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “
  • 9/7/2017 – Alcoa Corp is now covered by analysts at Macquarie. They set an “outperform” rating on the stock.
  • 9/6/2017 – Alcoa Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “

Shares of Alcoa Corp (NYSE:AA) traded down 0.97% during trading on Tuesday, reaching $47.77. 3,957,540 shares of the company were exchanged. The company has a 50 day moving average price of $46.13 and a 200-day moving average price of $46.13. The stock has a market capitalization of $8.81 billion and a price-to-earnings ratio of 54.35. Alcoa Corp has a one year low of $20.00 and a one year high of $49.30.

Alcoa Corp (NYSE:AA) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Alcoa Corp had a return on equity of 3.29% and a net margin of 1.63%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities analysts predict that Alcoa Corp will post $3.10 EPS for the current year.

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

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