Alcoa Co. (NYSE:AA) Given Consensus Rating of “Moderate Buy” by Analysts

Alcoa Co. (NYSE:AA) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.55.

Several research analysts recently commented on AA shares. JPMorgan Chase & Co. lifted their target price on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Bank of America lifted their target price on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a report on Friday, January 24th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. BMO Capital Markets lifted their target price on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group dropped their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

Institutional Trading of Alcoa

Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. boosted its position in shares of Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 296 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Alcoa during the 4th quarter valued at about $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Alcoa during the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC boosted its position in shares of Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 393 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Alcoa during the 3rd quarter valued at about $43,000. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Stock Down 0.7 %

Alcoa stock opened at $31.11 on Friday. The company has a market capitalization of $8.05 billion, a P/E ratio of -194.46, a P/E/G ratio of 0.19 and a beta of 2.43. The firm’s fifty day simple moving average is $36.26 and its 200-day simple moving average is $38.01. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa has a 1-year low of $26.57 and a 1-year high of $47.77.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Sell-side analysts forecast that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.29%. Alcoa’s dividend payout ratio (DPR) is currently -250.00%.

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.