Headlines about Alcoa (NYSE:AA) have been trending somewhat positive on Wednesday, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alcoa earned a news sentiment score of 2.00 on their scale. InfoTrie also gave news articles about the industrial products company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have effected Alcoa’s analysis:

Shares of NYSE:AA opened at $32.68 on Wednesday. The firm has a market cap of $6.70 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. Alcoa has a 52 week low of $31.98 and a 52 week high of $62.35.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.27. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a negative net margin of 0.09% and a positive return on equity of 10.38%. Alcoa’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities analysts anticipate that Alcoa will post 3.72 earnings per share for the current year.

Alcoa declared that its Board of Directors has approved a share repurchase program on Wednesday, October 17th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A number of analysts have weighed in on AA shares. Zacks Investment Research upgraded shares of Alcoa from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, September 25th. ValuEngine lowered shares of Alcoa from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. lifted their price target on shares of Alcoa to $79.00 and gave the stock an “overweight” rating in a report on Thursday, October 18th. Credit Suisse Group cut their price target on shares of Alcoa from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, September 25th. Finally, Citigroup cut their price target on shares of Alcoa from $53.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, November 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $60.07.

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Alcoa Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.

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