Alcoa Corp. (NYSE:AA) Getting Somewhat Positive News Coverage, Analysis Finds
Headlines about Alcoa Corp. (NYSE:AA) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alcoa Corp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 44.5917906392482 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Alcoa Corp (AA) Breaks Through Support at $37.40 (mysmartrend.com)
- Have Analysts Turned Bullish on Arconic after Its 2Q17 Beat? (finance.yahoo.com)
- Alcoa Corp. Target of Unusually Large Options Trading (NYSE:AA) (americanbankingnews.com)
- How Wall Street Views Alcoa amid Rising Aluminum Prices (finance.yahoo.com)
- 5 Top Picks To Play The Electric Car Boom (finance.yahoo.com)
Alcoa Corp. (NYSE:AA) remained flat at $37.78 during mid-day trading on Friday. The company’s stock had a trading volume of 2,974,324 shares. Alcoa Corp. has a 12 month low of $20.53 and a 12 month high of $40.36. The firm’s 50-day moving average is $35.38 and its 200-day moving average is $34.37. The company has a market cap of $6.96 billion and a price-to-earnings ratio of 42.98. Alcoa Corp. also was the recipient of unusually large options trading on Tuesday. Traders purchased 20,670 call options on the stock. This is an increase of approximately 456% compared to the average daily volume of 3,715 call options.
Alcoa Corp. (NYSE:AA) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.88 billion. Alcoa Corp. had a return on equity of 3.29% and a net margin of 1.63%. Alcoa Corp.’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS. On average, equities analysts anticipate that Alcoa Corp. will post $2.80 EPS for the current fiscal year.
AA has been the topic of a number of research reports. BMO Capital Markets set a $45.00 target price on shares of Alcoa Corp. and gave the company a “buy” rating in a research report on Saturday, August 5th. Clarkson Capital reiterated a “buy” rating on shares of Alcoa Corp. in a research report on Thursday, July 20th. Citigroup Inc. reiterated a “buy” rating and set a $45.00 target price on shares of Alcoa Corp. in a research report on Saturday, July 22nd. ING Group upgraded shares of Alcoa Corp. to a “buy” rating in a research report on Friday, June 23rd. Finally, Morgan Stanley downgraded shares of Alcoa Corp. from a “top pick” rating to a “buy” rating and boosted their target price for the company from $43.00 to $47.00 in a research report on Tuesday, June 27th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Alcoa Corp. presently has a consensus rating of “Buy” and a consensus target price of $39.00.
About Alcoa Corp.
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.
Receive News & Ratings for Alcoa Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa Corp. and related companies with MarketBeat.com's FREE daily email newsletter.