The stock of Alcoa Inc (NYSE:AA) is a huge mover today! About 21.00 million shares traded hands or 237.62% up from the average. Alcoa Inc (NYSE:AA) has risen 12.58% since March 8, 2016 and is uptrending. It has outperformed by 3.26% the S&P500.
The move comes after 5 months negative chart setup for the $12.45B company. It was reported on Oct, 11 by Barchart.com. We have $25.73 PT which if reached, will make NYSE:AA worth $1.12B less.
Analysts await Alcoa Inc (NYSE:AA) to report earnings on October, 13. They expect $0.11 EPS, up 57.14% or $0.04 from last year’s $0.07 per share. AA’s profit will be $48.44M for 64.25 P/E if the $0.11 EPS becomes a reality. After $0.15 actual EPS 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 28 analyst reports since August 4, 2015 according to StockzIntelligence Inc. UBS maintained the stock with “Buy” rating in Tuesday, January 12 report. The company was maintained on Tuesday, September 29 by S&P Research. The firm has “Buy” rating given on Friday, November 20 by UBS. The firm has “Outperform” rating given on Friday, January 8 by Macquarie Research. As per Monday, November 9, the company rating was downgraded by Nomura. The rating was maintained by Deutsche Bank with “Buy” on Monday, October 5. The rating was initiated by Seaport Global with “Neutral” on Friday, September 9. The rating was maintained by Stifel Nicolaus on Friday, October 9 with “Buy”. The rating was maintained by Macquarie Research on Wednesday, April 6 with “Outperform”. The firm earned “Market Perform” rating on Wednesday, March 2 by Cowen & Co.
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 dived, 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.
Tokio Marine Asset Management Limited holds 0.04% of its portfolio in Alcoa Inc (NYSE:AA) for 44,797 shares. Babson Capital Ltd holds 37,717 shares or 0.01% of its portfolio. State Street Corp has invested 0.06% of its portfolio in Alcoa Inc (NYSE:AA). Utah Retirement reported 240,750 shares or 0.06% of all its holdings. Stifel owns 612,635 shares or 0.03% of their US portfolio. The Ohio-based Stratos Wealth Prns Limited has invested 0.15% in Alcoa Inc (NYSE:AA). Manufacturers Life Insur The reported 1.35 million shares or 0.02% of all its holdings. Cohen And Steers has 0% invested in the company for 153,204 shares. Icm Asset Mngmt Wa has invested 3.51% of its portfolio in Alcoa Inc (NYSE:AA). Utd Ser Automobile Association holds 405,186 shares or 0.01% of its portfolio. Exchange Capital Mngmt last reported 170 shares in the company. Pictet Asset Mngmt Limited reported 684,623 shares or 0.02% of all its holdings. The Vermont-based Rock Point Advsr Ltd has invested 1.05% in Alcoa Inc (NYSE:AA). Deere &, a Illinois-based fund reported 183,527 shares. Wellington Mngmt Limited Liability Partnership accumulated 0% or 549,218 shares.
Insider Transactions: Since April 20, 2016, the stock had 6 buys, and 1 sale for $59,530 net activity. SCHMIDT ULRICH bought $51,250 worth of Alcoa Inc (NYSE:AA) on Tuesday, April 26. Shares for $21,363 were bought by SORRELL MARTIN on Wednesday, July 13. Shares for $22,285 were bought by TATA RATAN. On Monday, April 25 Jarrault Olivier M sold $131,046 worth of the stock or 12,810 shares.
More notable recent Alcoa Inc (NYSE:AA) news were published by: Reuters.com which released: “Alcoa third quarter profit, revenue miss expectations; stock tumbles” on October 11, 2016, also Marketwatch.com with their article: “US stocks open lower as Alcoa disappoints to kick off Q3 earnings” published on October 11, 2016, Fool.com published: “Better Buy: Alcoa Inc. vs. Vale SA” on October 08, 2016. More interesting news about Alcoa Inc (NYSE:AA) were released by: Nasdaq.com and their article: “Alcoa Inc. Earnings Advance 48% In Q3” published on October 11, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Alcoa Inc., 75.0% Follow-Through Indicator, 20.4 …” with publication date: October 11, 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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