Vertical Research Initiates Coverage on Alcoa Corp (NYSE:AA). What May be Next?

Alcoa Corporation (NYSE:AA) Logo

Investors sentiment increased to 2 in Q2 2018. Its up 2.00, from 0 in 2018Q1. It is positive, as 2 investors sold Alcoa Corporation shares while 0 reduced holdings. 3 funds opened positions while 1 raised stakes. 360,979 shares or 43.80% more from 251,028 shares in 2018Q1 were reported.

Whittier Tru Of Nevada holds 0.01% or 3,755 shares in its portfolio. Carmignac Gestion owns 325,000 shares for 0.11% of their portfolio. Nelson Roberts Advsr Ltd reported 148 shares or 0% of all its holdings. Gemmer Asset Management Ltd Liability Corp owns 42 shares. Vantage Inv Advsrs Ltd Limited Liability Company accumulated 0% or 347 shares. 31,687 are held by Whittier Trust.

Why Has Vertical Research Given Alcoa Corp (NYSE:AA) a $45.0000 Price Target

New York: Alcoa Corp (NYSE:AA) coverage was started with a key ‘”Buy”‘ rating as well as a $45.0000 target price per share at Vertical Research. The target price per share by Vertical Research means upside of 41.46 % from the last stock price.

Alcoa Corporation (NYSE:AA) Ratings Coverage

Among 7 analysts covering Alcoa Inc (NYSE:AA), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Alcoa Inc has $75 highest and $33 lowest target. $53.29’s average target is 67.53% above currents $31.81 stock price. Alcoa Inc had 9 analyst reports since June 20, 2018 according to SRatingsIntel. Morgan Stanley maintained the shares of AA in report on Monday, July 23 with “Overweight” rating. The firm has “Outperform” rating given on Thursday, July 19 by Credit Suisse. BMO Capital Markets maintained the shares of AA in report on Thursday, July 19 with “Outperform” rating. The company was maintained on Tuesday, September 25 by Credit Suisse. FBR Capital upgraded it to “Buy” rating and $50 target in Wednesday, September 12 report. Citigroup maintained it with “Neutral” rating and $33 target in Friday, November 16 report. The stock of Alcoa Corporation (NYSE:AA) earned “Buy” rating by Deutsche Bank on Tuesday, July 24. The firm has “Hold” rating by FBR Capital given on Wednesday, June 20. The company was initiated on Wednesday, November 28 by Vertical Research.

The stock increased 2.65% or $0.82 during the last trading session, reaching $31.81. About 5.35M shares traded or 29.47% up from the average. Alcoa Corporation (NYSE:AA) has declined 6.62% since December 2, 2017 and is downtrending. It has underperformed by 22.24% the S&P500.

Analysts await Alcoa Corporation (NYSE:AA) to report earnings on January, 16. They expect $0.64 earnings per share, down 38.46 % or $0.40 from last year’s $1.04 per share. AA’s profit will be $119.35 million for 12.43 P/E if the $0.64 EPS becomes a reality. After $0.63 actual earnings per share reported by Alcoa Corporation for the previous quarter, Wall Street now forecasts 1.59 % EPS growth.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company has market cap of $5.93 billion. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products. It currently has negative earnings. The firm also offers aluminum cast products; and aluminum sheets for the production of cans for beverage, food, and pet food.

More notable recent Alcoa Corporation (NYSE:AA) news were published by: Fool.com which released: “Why Alcoa Stock Just Jumped 9% – The Motley Fool” on November 28, 2018, also Seekingalpha.com with their article: “Alcoa hits lowest in 16 months amid aluminum demand concerns – Seeking Alpha” published on November 19, 2018, Seekingalpha.com published: “Alcoa Corporation (AA) Presents at Goldman Sachs Global Metals & Mining Conference (Transcript) – Seeking Alpha” on November 28, 2018. More interesting news about Alcoa Corporation (NYSE:AA) were released by: Fool.com and their article: “How Alcoa Fell 13.4% in October on Fears Over China – Motley Fool” published on November 05, 2018 as well as Fool.com‘s news article titled: “Alcoa’s Relief From Aluminum Tariffs Might Hinge on Canadian Dairy – The Motley Fool” with publication date: November 24, 2018.

Alcoa Corporation (NYSE:AA) Ratings Chart

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