Somewhat Positive Media Coverage Somewhat Unlikely to Affect Alcoa (AA) Stock Price
News coverage about Alcoa (NYSE:AA) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alcoa earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.9439833393647 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Award-Winning Tennessee-Based Small Dollar Loan Company Brings Financial Services to Alcoa (prweb.com)
- Back to black? Australian industry prepares for possible summer power cuts (finance.yahoo.com)
- Recent Insiders Bustle: Alcoa Corporation (AA), Corning Incorporated (GLW) – Market Movers (financialqz.com)
- Alcoa (AA) Given a $55.00 Price Target at Citigroup (americanbankingnews.com)
- 3 Charts to Know: U.S. Cracks Down on China Aluminum (finance.yahoo.com)
Shares of Alcoa (NYSE:AA) traded up $0.27 during midday trading on Thursday, hitting $41.51. The company’s stock had a trading volume of 4,407,431 shares, compared to its average volume of 4,146,268. The company has a market capitalization of $7,730.00 and a PE ratio of 20.52. Alcoa has a 12 month low of $28.01 and a 12 month high of $50.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.38.
Alcoa (NYSE:AA) last issued its quarterly earnings data 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 company 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 firm’s revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. equities analysts forecast that Alcoa will post 3.24 EPS for the current year.
A number of research firms have recently commented on AA. Citigroup set a $55.00 price target on shares of Alcoa and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets reissued a “buy” rating and issued a $60.00 price target on shares of Alcoa in a research report on Wednesday, November 15th. J P Morgan Chase & Co reissued a “buy” rating and issued a $60.00 price target on shares of Alcoa in a research report on Thursday, October 19th. Berenberg Bank set a $44.00 price target on shares of Alcoa and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, Cowen set a $51.00 price target on shares of Alcoa and gave the company a “hold” rating in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.88.
TRADEMARK VIOLATION WARNING: This piece was published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/11/30/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-alcoa-aa-stock-price.html.
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.