Alcoa (AA) Sets New 12-Month Low at $39.18

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.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, July 18th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.19. Alcoa had a net margin of 1.11% and a return on equity of 10.30%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period last year, the firm posted $0.62 EPS. Alcoa’s revenue for the quarter was up 25.2% on a year-over-year basis. As a group, research analysts expect that Alcoa Corp will post 4.22 EPS for the current year.

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

Receive News & Ratings for Alcoa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply