Media coverage about Alcoa (NYSE:AA) has been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alcoa earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.4725790735019 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- France-based Miner AMR starts bauxite production in Guinea (finance.yahoo.com)
- Alcoa Shows Rising Relative Strength; Still Shy Of Key Benchmark (finance.yahoo.com)
- The Real Reason Why Aluminum Stock Alcoa Corp Slumped 13.1 … – Motley Fool (fool.com)
- The Real Reason Why Aluminum Stock Alcoa Corp Slumped 13.1% in November (finance.yahoo.com)
- Head to Head Contrast: Noranda Aluminum (NORNQ) & Alcoa (AA) (americanbankingnews.com)
Alcoa (NYSE AA) traded up $0.16 during trading on Tuesday, hitting $42.40. The company’s stock had a trading volume of 3,421,527 shares, compared to its average volume of 4,130,297. The company has a market cap of $7,659.95 and a P/E ratio of 19.62. Alcoa has a 1-year low of $28.01 and a 1-year high of $50.31. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.
Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.05). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.95 billion. Alcoa had a net margin of 2.61% and a return on equity of 4.90%. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. equities research analysts forecast that Alcoa will post 3.2 EPS for the current fiscal year.
A number of equities analysts have weighed in on AA shares. Zacks Investment Research raised Alcoa from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a research report on Wednesday, September 6th. Macquarie started coverage on Alcoa in a research report on Thursday, September 7th. They issued an “outperform” rating for the company. Deutsche Bank raised Alcoa from a “hold” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $60.00 in a research report on Tuesday, September 12th. BMO Capital Markets boosted their target price on Alcoa from $45.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $47.00 target price on shares of Alcoa in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $49.88.
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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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