The stock of Alcoa Inc (NYSE:AA) is a huge mover today! About 3.14 million shares traded hands. Alcoa Inc (NYSE:AA) has declined 63.39% since March 3, 2016 and is downtrending. It has underperformed by 71.74% the S&P500.
The move comes after 7 months positive chart setup for the $42.68B company. It was reported on Oct, 6 by Barchart.com. We have $52.18 PT which if reached, will make NYSE:AA worth $27.32B more.
Analysts await Alcoa Inc (NYSE:AA) to report earnings on October, 13. They expect $0.11 earnings per share, up 57.14% or $0.04 from last year’s $0.07 per share. AA’s profit will be $147.54M for 72.32 P/E if the $0.11 EPS becomes a reality. After $0.15 actual earnings per share reported by Alcoa Inc for the previous quarter, Wall Street now forecasts -26.67% negative EPS growth.
Alcoa Inc (NYSE:AA) Ratings Coverage
Out of 17 analysts covering Alcoa Inc. (NYSE:AA), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. Alcoa Inc. has been the topic of 27 analyst reports since August 4, 2015 according to StockzIntelligence Inc. UBS maintained the stock with “Buy” rating in Friday, November 20 report. The firm has “Neutral” rating by Nomura given on Monday, November 9. The firm earned “Market Perform” rating on Tuesday, January 12 by BMO Capital Markets. The rating was maintained by Macquarie Research with “Outperform” on Wednesday, April 6. Argus Research downgraded Alcoa Inc (NYSE:AA) on Thursday, January 14 to “Hold” rating. The company was maintained on Friday, October 9 by Stifel Nicolaus. The company was upgraded on Monday, May 23 by Bank of America. The stock has “Market Perform” rating given by Cowen & Co on Wednesday, March 2. The stock of Alcoa Inc (NYSE:AA) earned “Buy” rating by Stifel Nicolaus on Tuesday, December 22. UBS maintained the stock with “Buy” rating in Tuesday, January 12 report.
According to Zacks Investment Research, “Alcoa Inc. is the world’s leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa’s businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap foils and plastic wraps, Alcoa wheels, and Baco household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.04, from 1.03 in 2016Q1. The ratio is negative, as 47 funds sold all Alcoa Inc shares owned while 191 reduced positions. 51 funds bought stakes while 185 increased positions. They now own 775.17 million shares or 3.51% more from 748.92 million shares in 2016Q1.
The Maryland-based Proshare Advisors Limited Liability Co has invested 0.03% in Alcoa Inc (NYSE:AA). Ww Asset last reported 136,256 shares in the company. Pillar Pacific Mgmt Limited Liability Co accumulated 93,089 shares or 0.15% of the stock. Amer Interest Gp has 484,735 shares for 0% of their US portfolio. Panagora Asset Management reported 146,169 shares or 0.01% of all its holdings. The New York-based Tiaa Cref Investment Management Llc has invested 0.02% in Alcoa Inc (NYSE:AA). Westend Management Ltd Liability reported 110,466 shares or 1.48% of all its holdings. Aviance Mngmt Limited Company accumulated 147,722 shares or 0.04% of the stock. Central Bank Trust owns 3,920 shares or 0.01% of their US portfolio. Glenmede Tru Co Na has invested 0% of its portfolio in Alcoa Inc (NYSE:AA). Engineers Gate Manager Lp has 29,596 shares for 0.02% of their US portfolio. Advisory Svcs Net Ltd Liability Com holds 0.01% of its portfolio in Alcoa Inc (NYSE:AA) for 3,209 shares. Factory Mutual Insurance Comm owns 800,000 shares or 0.1% of their US portfolio. Folger Nolan Fleming Douglas Capital Management, a -based fund reported 10,900 shares. The Sweden-based Nordea Invest Mngmt Ab has invested 0.04% in Alcoa Inc (NYSE:AA).
Insider Transactions: Since April 20, 2016, the stock had 6 insider purchases, and 1 insider sale for $59,530 net activity. Shares for $131,046 were sold by Jarrault Olivier M. Another trade for 1,990 shares valued at $21,363 was bought by SORRELL MARTIN. 2,150 shares with value of $22,285 were bought by TATA RATAN on Wednesday, April 20. The insider SCHMIDT ULRICH bought $51,250.
More notable recent Alcoa Inc (NYSE:AA) news were published by: Seekingalpha.com which released: “Alcoa: Don’t Sell Now” on October 06, 2016, also Marketwatch.com with their article: “Alcoa Inc. board OKs split into Alcoa Corp., Arconic” published on September 29, 2016, Fool.com published: “Better Buy: Alcoa Inc. vs. Freeport-McMoRan” on September 27, 2016. More interesting news about Alcoa Inc (NYSE:AA) were released by: Businesswire.com and their article: “Alcoa Inc. Board of Directors Approves Separation of Company” published on September 29, 2016 as well as Fool.com‘s news article titled: “Alcoa Inc Takes Steps Forward in Plans to Split” with publication date: September 16, 2016.
AA Company Profile
Alcoa Inc., incorporated on September 18, 1888, is engaged in lightweight metals engineering and manufacturing. The Firm operates in five divisions: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, gas and oil, and industrial applications. It is also engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in various aspects of the industry, including technology, mining, refining, smelting, fabricating and recycling. It has activities in approximately 30 countries. The Firm has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. The Firm also refines alumina from bauxite ore.
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