Alcoa Corp (NYSE:AA)’s share price reached a new 52-week low on Monday . The company traded as low as $39.18 and last traded at $38.45, with a volume of 221159 shares. The stock had previously closed at $42.06.
AA has been the subject of several recent research reports. Zacks Investment Research cut shares of Alcoa from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 25th. ValuEngine cut shares of Alcoa from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Deutsche Bank decreased their price target on shares of Alcoa from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, July 24th. B. Riley initiated coverage on shares of Alcoa in a research report on Thursday, June 21st. They issued a “neutral” rating and a $47.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of Alcoa from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.19.
The company has a current ratio of 1.42, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.53 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 2.11 and a beta of -0.08.
Large investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Alcoa in the second quarter valued at about $105,000. Quad Cities Investment Group LLC purchased a new stake in shares of Alcoa in the second quarter valued at about $112,000. Sciencast Management LP purchased a new stake in shares of Alcoa in the first quarter valued at about $217,000. Berson & Corrado Investment Advisors LLC purchased a new stake in Alcoa during the second quarter worth about $202,000. Finally, Lodestar Investment Counsel LLC IL purchased a new stake in Alcoa during the second quarter worth about $205,000.
About Alcoa (NYSE:AA)
Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.
See Also: Average Daily Trade Volume – ADTV
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