Alcoa (NYSE:AA) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of Alcoa (NYSE:AA) from a hold rating to a sell rating in a report released on Monday, February 4th.

AA has been the topic of a number of other reports. Berenberg Bank set a $42.00 price target on shares of Alcoa and gave the stock a buy rating in a report on Monday, January 14th. Zacks Investment Research cut shares of Alcoa from a hold rating to a strong sell rating in a report on Monday, January 21st. Citigroup dropped their target price on shares of Alcoa from $53.00 to $33.00 and set a neutral rating on the stock in a report on Friday, November 16th. Goldman Sachs Group upgraded shares of Alcoa from a neutral rating to a buy rating and set a $38.00 target price on the stock in a report on Monday, January 14th. Finally, Credit Suisse Group dropped their target price on shares of Alcoa from $58.00 to $50.00 and set an outperform rating on the stock in a report on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $53.27.

AA stock traded up $0.16 during mid-day trading on Monday, reaching $29.66. 2,187,662 shares of the stock traded hands, compared to its average volume of 4,032,385. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 3.97 and a beta of 1.17. Alcoa has a one year low of $25.01 and a one year high of $62.35.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, January 16th. The industrial products company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.16. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Alcoa had a net margin of 1.69% and a return on equity of 9.24%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, equities research analysts expect that Alcoa will post 1.89 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in AA. We Are One Seven LLC purchased a new stake in shares of Alcoa during the fourth quarter valued at about $35,000. Financial Architects Inc raised its position in shares of Alcoa by 2,970.3% in the 4th quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 3,000 shares during the last quarter. IMS Capital Management purchased a new position in shares of Alcoa in the 3rd quarter valued at approximately $87,000. Cerebellum GP LLC raised its position in shares of Alcoa by 8.1% in the 4th quarter. Cerebellum GP LLC now owns 4,798 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 361 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Alcoa by 104.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,931 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 2,010 shares during the last quarter.

Alcoa Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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Analyst Recommendations for Alcoa (NYSE:AA)

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