Headlines about Alcoa (NYSE:AA) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alcoa earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.5574144103361 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Alcoa Corporation (AA) A Brief Outlook on Stock – AppsforPCdaily (appsforpcdaily.com)
- Applying technical analysis concepts on Alcoa Corporation (AA) – Wall Street Morning (wallstreetmorning.com)
- Volume: A Tool to Project Future Performance – Alcoa Corporation (NYSE: AA) – Alpha Beta Stock (alphabetastock.com)
- Is Stock’s Performance Impressive? – Alcoa Corporation (NYSE: AA) – Alpha Beta Stock (alphabetastock.com)
- How Would Quotas Affect US Aluminum Buyers? (finance.yahoo.com)
Several research firms have weighed in on AA. Citigroup upped their target price on Alcoa to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded Alcoa from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research note on Monday, January 22nd. JPMorgan Chase & Co. increased their price target on Alcoa to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. ValuEngine upgraded Alcoa from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reiterated a “market perform” rating and issued a $59.00 price target (up from $51.00) on shares of Alcoa in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.72.
Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, January 17th. The industrial products company reported $1.04 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue was up 25.1% on a year-over-year basis. analysts forecast that Alcoa will post 3.56 earnings per share for the current fiscal year.
In other news, COO Tomas Mar Sigurdsson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was 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 directly owns 46,832 shares in the company, valued at approximately $2,405,759.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP William F. Oplinger sold 229,475 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following the completion of the transaction, the vice president now directly owns 108,915 shares in the company, valued at approximately $5,757,246.90. The disclosure for this sale can be found here.
Alcoa 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.
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