News articles about Alcoa Corp (NYSE:AA) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alcoa Corp earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.5095599159314 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Momentum Stock Facing Headwinds: Alcoa Corporation (NYSE:AA) – NASDAQ Times (nasdaqtimes.com)
- The Zacks Analyst Blog Highlights: Covanta Holding, KEMET, HubSpot, Facebook and Alcoa (finance.yahoo.com)
- Zacks: Analysts Expect Alcoa Corp (AA) Will Announce Quarterly Sales of $3.03 Billion (americanbankingnews.com)
- ALCOA CORP (AA) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Japan’s Q4 aluminium premium slides up to 21 pct from Q3 – sources (finance.yahoo.com)
Several equities analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Alcoa Corp from $45.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, September 13th. Macquarie reiterated a “buy” rating and issued a $62.00 price target (up from $55.00) on shares of Alcoa Corp in a research note on Tuesday. Morgan Stanley lowered shares of Alcoa Corp from a “top pick” rating to a “buy” rating and increased their price target for the company from $43.00 to $47.00 in a research note on Tuesday, June 27th. They noted that the move was a valuation call. Deutsche Bank AG reiterated a “hold” rating and issued a $44.00 price target on shares of Alcoa Corp in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Alcoa Corp from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research note on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.83.
Shares of Alcoa Corp (AA) opened at 46.94 on Thursday. Alcoa Corp has a one year low of $20.00 and a one year high of $49.30. The company’s 50 day moving average price is $46.01 and its 200 day moving average price is $46.01. The firm has a market capitalization of $8.65 billion and a P/E ratio of 53.40.
Alcoa Corp (NYSE:AA) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts expect that Alcoa Corp will post $3.06 EPS for the current fiscal year.
Alcoa Corp Company Profile
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.
What are top analysts saying about Alcoa Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alcoa Corp and related companies.