Alcoa Corporation (NYSE:AA) shares traded -0.59% down during most recent session to reach at the closing price of $41.77. The stock exchanged hands 2.6 Million shares versus average trading capacity of 3.71 Million shares, yielding a market cap of $7.67 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $59.17 within the next 52-weeks. The mean target projections are based on 12 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Alcoa Corporation (NYSE:AA) high price target of $75 and with a conservative view have low price target of $48.
- Riley FBR “Upgrades” Alcoa Corporation (NYSE:AA) in a research note issued to investors on 9/12/18 to Buy with price target of $50.
Additionally on 7/24/18 Deutsche Bank “Maintained” Alcoa Corporation (NYSE:AA) to Buy setting price target at $55 and on 7/23/18 Morgan Stanley “Maintained” the stock to Overweight at $57. Furthermore on 7/19/18 Credit Suisse “Maintained” the stock to Outperform at $65.
On the other hand the company has Relative Strength Index (RSI 14) of 43.91 along with Average True Range (ATR 14) of 1.56, Consequently Alcoa Corporation (NYSE:AA)’s weekly and monthly volatility is 3.26%, 3.19% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Alcoa Corporation (NYSE:AA) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Alcoa Corporation (NYSE:AA)’s minimum EPS for the current quarter is at $0.43 and can go high up to $1.13. The consensus mean EPS for the current quarter is at $0.8 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.72 earnings per share for the same quarter during last year.
Previously Alcoa Corporation (NYSE:AA) reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.2. The company posted an earnings surprise of 15.2%.
Alcoa Corporation (NYSE:AA)’s revenue estimates for the current quarter are $3.37 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $3.55 Billion in contradiction of low revenue estimates of $3.05 Billion. For the current year the company’s revenue estimates are $13.48 Billion compared to low analyst estimates of $12.78 Billion and high estimates of $14.04 Billion according to 11 number of analysts.
Currently Alcoa Corporation (NYSE:AA)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 87.9%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.01%.
Alcoa Corporation (NYSE:AA)’s trailing twelve month revenues are $12.81 Billion, whereas its price to sales ratio for the same period is 0.6. Its book value per share for the most recent quarter is $27.01 while its price to book ratio for the same period is 1.55, as for as the company’s cash per share for the most recent quarter is $5.93, however its price to cash per share ratio for the same period is 7.04. The stock has 5 year expected PEG ratio of 10.88 whereas its trailing twelve month P/E ratio is 48.97.