Alcoa (AA) Getting Somewhat Favorable News Coverage, Report Shows

Media coverage about Alcoa (NYSE:AA) has trended somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alcoa earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.1246178624259 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

Several research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $65.00 target price on shares of Alcoa in a research note on Friday, December 22nd. ValuEngine raised Alcoa from a “hold” rating to a “buy” rating in a research note on Friday. Macquarie reaffirmed a “buy” rating and set a $62.00 target price (up from $55.00) on shares of Alcoa in a research note on Tuesday, October 10th. Cowen reaffirmed a “market perform” rating and set a $59.00 target price (up from $51.00) on shares of Alcoa in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. upped their target price on Alcoa to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $57.72.

Shares of Alcoa (NYSE AA) traded up $0.97 on Tuesday, hitting $49.43. The company had a trading volume of 3,162,217 shares, compared to its average volume of 4,600,000. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.90. Alcoa has a 52-week low of $29.55 and a 52-week high of $57.50. The stock has a market capitalization of $9,150.00 and a PE ratio of 42.61.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, January 17th. The industrial products company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.19). Alcoa had a return on equity of 6.90% and a net margin of 1.86%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. sell-side analysts predict that Alcoa will post 3.64 EPS for the current year.

In other Alcoa news, VP William F. Oplinger sold 229,475 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $52.86, for a total value of $12,130,048.50. Following the completion of the sale, the vice president now directly owns 108,915 shares in the company, valued at approximately $5,757,246.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total value of $513,700.00. Following the completion of the sale, the chief operating officer now owns 46,832 shares of the company’s stock, valued at $2,405,759.84. The disclosure for this sale can be found here.

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About Alcoa

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.

Insider Buying and Selling by Quarter for Alcoa (NYSE:AA)

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