Media coverage about Alcoa (NYSE:AA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Alcoa earned a news impact score of 0.10 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.1700937870007 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s analysis:
NYSE:AA traded up $0.44 during trading hours on Friday, hitting $48.05. The company had a trading volume of 4,066,842 shares, compared to its average volume of 2,804,631. The stock has a market cap of $8,945.76, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.56 and a beta of 0.27. Alcoa has a 52 week low of $29.55 and a 52 week high of $57.50. The company has a quick ratio of 0.86, a current ratio of 1.30 and a debt-to-equity ratio of 0.20.
Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 17th. The industrial products company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.19). The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Alcoa had a net margin of 1.86% and a return on equity of 7.20%. The business’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. analysts expect that Alcoa will post 3.57 EPS for the current fiscal year.
AA has been the topic of several analyst reports. Credit Suisse Group raised shares of Alcoa from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $42.00 to $61.00 in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of Alcoa from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research note on Monday, January 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 target price on shares of Alcoa in a research note on Friday, December 22nd. JPMorgan Chase lifted their target price on shares of Alcoa from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Citigroup lifted their target price on shares of Alcoa to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $58.64.
In related news, VP William F. Oplinger sold 229,475 shares of Alcoa stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $52.86, for a total value of $12,130,048.50. Following the sale, the vice president now owns 108,915 shares in the company, valued at $5,757,246.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Tomas Mar Sigurdsson sold 10,000 shares of Alcoa stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total transaction of $513,700.00. Following the completion of the sale, the chief operating officer now owns 46,832 shares in the company, valued at approximately $2,405,759.84. The disclosure for this sale can be found here.
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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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