Vetr's target price suggests a potential upside of 2.87% from the company's previous close. Citigroup upped their price target on Alcoa to $65.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Gabelli cut Alcoa from a "buy" rating to a "hold" rating and lifted their target price for the company from $57.00 to $60.00 in a report on Wednesday, October 4th. Deutsche Bank AG began coverage on Alcoa Corp in a research note on Thursday, December 1st.
Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. They noted that the move was a valuation call. Veritable L.P. now owns 7,887 shares of the industrial products company's stock worth $258,000 after purchasing an additional 300 shares during the last quarter. Finally, Goldman Sachs Group, Inc. Macquarie restated a "buy" rating and issued a $62.00 price target (up from $55.00) on shares of Alcoa in a research report on Tuesday, October 10th. Alcoa Corp presently has a consensus rating of "Hold" and a consensus price target of $21.25.
Alcoa Inc. has been given an analysts' mean target of 56. Alcoa Corp has a 52-week low of $29.55 and a 52-week high of $57.50. The firm has a market capitalization of $10,410.00 and a P/E ratio of 38.52. Now we look at the Moving Averages, the 200-day is 41.9%, the 50-day is 22.13% and the 20-day is 8.98%.
A number of large investors have recently added to or reduced their stakes in AA. The fund owned 47,722 shares of the industrial products company's stock after purchasing an additional 1,140 shares during the quarter. Alcoa's quarterly revenue was up 25.1% on a year-over-year basis. Sigma Planning Corp bought a new position in shares of Alcoa in the 3rd quarter worth about $206,000. BLB&B Advisors LLC's holdings in Alcoa were worth $940,000 at the end of the most recent quarter. TIAA CREF Investment Management LLC now owns 5,104,591 shares of the company's stock worth $5,104,591,000 after buying an additional 1,831,622 shares in the last quarter. Finally, First Allied Advisory Services Inc. purchased a new stake in Alcoa during the 3rd quarter worth approximately $211,000.
Alcoa Inc is engaged in lightweight metals engineering and manufacturing.
The bauxite, alumina and aluminum products company also announced plans to freeze its pension, and switch 800 employees over to a defined contribution retirement plan starting in 2021. The Company's multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications.