Alcoa Corp. (AA) Receives Daily News Impact Rating of 0.19
Media headlines about Alcoa Corp. (NYSE:AA) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Alcoa Corp. earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 44.8964553283597 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Alcoa’s PE Ratio: Is There Room for a Multiple Expansion? (finance.yahoo.com)
- More Analysts Could Upgrade Alcoa (finance.yahoo.com)
- Zacks Investment Research Downgrades Alcoa Corp. (AA) to Hold (americanbankingnews.com)
- How Alcoa Inc. Makes Most of Its Money (fool.com)
- Deadly riots block mining operations in Guinea bauxite town (finance.yahoo.com)
A number of research analysts recently issued reports on the stock. BMO Capital Markets restated a “buy” rating and set a $45.00 price objective on shares of Alcoa Corp. in a report on Friday, June 2nd. Morgan Stanley cut shares of Alcoa Corp. from a “top pick” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $47.00 in a report on Tuesday, June 27th. They noted that the move was a valuation call. Deutsche Bank AG restated a “hold” rating and set a $44.00 price objective on shares of Alcoa Corp. in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Alcoa Corp. from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a report on Wednesday, September 6th. Finally, Citigroup Inc. restated a “buy” rating and set a $45.00 price objective on shares of Alcoa Corp. in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.07.
Shares of Alcoa Corp. (NYSE AA) traded up 0.58% during mid-day trading on Monday, hitting $44.91. 3,224,782 shares of the stock were exchanged. The stock has a market capitalization of $8.28 billion and a P/E ratio of 51.09. The stock’s 50 day moving average price is $44.65 and its 200-day moving average price is $43.46. Alcoa Corp. has a 12-month low of $20.00 and a 12-month high of $45.20.
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, beating the consensus estimate of $0.60 by $0.02. Alcoa Corp. had a net margin of 1.63% and a return on equity of 3.29%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter last year, the firm posted $0.15 EPS. Alcoa Corp.’s revenue was up 23.1% compared to the same quarter last year. On average, equities research analysts expect that Alcoa Corp. will post $2.92 EPS for the current fiscal year.
Alcoa Corp. Company Profile
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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