Alcoa (NYSE:AA) Downgraded by TheStreet to D+

TheStreet cut shares of Alcoa (NYSE:AA) from a c- rating to a d+ rating in a research report released on Thursday, March 28th, TheStreetRatingsTable reports.

AA has been the subject of several other reports. ValuEngine upgraded Alcoa from a strong sell rating to a sell rating in a research report on Thursday, December 20th. Zacks Investment Research raised Alcoa from a strong sell rating to a hold rating in a research report on Thursday, January 3rd. Goldman Sachs Group raised Alcoa from a neutral rating to a buy rating and set a $38.00 price target for the company in a research report on Monday, January 14th. JPMorgan Chase & Co. reduced their price target on Alcoa to $52.00 and set an overweight rating for the company in a research report on Thursday, January 17th. Finally, Credit Suisse Group reduced their price target on Alcoa from $50.00 to $40.00 and set an outperform rating for the company in a research report on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $40.08.

NYSE:AA traded down $1.06 on Thursday, hitting $26.66. 9,476,158 shares of the stock were exchanged, compared to its average volume of 3,664,348. The stock has a market capitalization of $4.95 billion, a P/E ratio of 7.45, a P/E/G ratio of 4.34 and a beta of 1.13. Alcoa has a 52 week low of $25.01 and a 52 week high of $62.35. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.24.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.06). The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.87 billion. Alcoa had a positive return on equity of 6.71% and a negative net margin of 0.94%. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. As a group, equities analysts predict that Alcoa will post 1.53 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. We Are One Seven LLC acquired a new stake in shares of Alcoa during the 4th quarter worth $35,000. Financial Architects Inc grew its holdings in shares of Alcoa by 2,970.3% during the 4th quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 3,000 shares in the last quarter. IMS Capital Management acquired a new stake in shares of Alcoa during the 3rd quarter worth $87,000. Cerebellum GP LLC grew its holdings in shares of Alcoa by 8.1% during the 4th quarter. Cerebellum GP LLC now owns 4,798 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 361 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Alcoa by 414.8% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,112 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 4,119 shares in 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; and 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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