Alcoa Corporation (AA) Analysts See $1.57 EPS

June 14, 2018 - By Peter Erickson

Alcoa Corporation (NYSE:AA) LogoInvestors sentiment decreased to 0 in Q1 2018. Its down 0.67, from 0.67 in 2017Q4. It turned negative, as 2 investors sold Alcoa Corporation shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 251,028 shares or 61.08% less from 644,941 shares in 2017Q4 were reported.
Cypress Mngmt Ltd Liability Corp (Wy), a Wyoming-based fund reported 610 shares. Gemmer Asset Lc owns 42 shares for 0% of their portfolio. Carmignac Gestion stated it has 250,000 shares. Focused Wealth Mngmt Inc has 0% invested in Alcoa Corporation (NYSE:AA). Vantage Invest Advsr Limited has invested 0% in Alcoa Corporation (NYSE:AA).

Since February 8, 2018, it had 4 insider purchases, and 0 sales for $15.40 million activity. 40,300 shares were bought by Hess David P, worth $999,557. ELLIOTT ASSOCIATES – L.P. bought $4.60 million worth of Alcoa Corporation (NYSE:AA) on Tuesday, May 15. ELLIOTT INTERNATIONAL – L.P. had bought 544,000 shares worth $9.77 million.

Analysts expect Alcoa Corporation (NYSE:AA) to report $1.57 EPS on July, 18.They anticipate $0.95 EPS change or 153.23 % from last quarter’s $0.62 EPS. AA’s profit would be $292.73M giving it 7.62 P/E if the $1.57 EPS is correct. After having $0.77 EPS previously, Alcoa Corporation’s analysts see 103.90 % EPS growth. The stock decreased 1.05% or $0.51 during the last trading session, reaching $47.84. About 2.17M shares traded. Alcoa Corporation (NYSE:AA) has risen 44.85% since June 15, 2017 and is uptrending. It has outperformed by 32.28% the S&P500.

Alcoa Corporation (NYSE:AA) Ratings Coverage

Among 12 analysts covering Alcoa Inc (NYSE:AA), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Alcoa Inc had 20 analyst reports since December 19, 2017 according to SRatingsIntel. The company was maintained on Thursday, January 18 by CFRA. As per Thursday, January 18, the company rating was maintained by Credit Suisse. The stock of Alcoa Corporation (NYSE:AA) has “Hold” rating given on Thursday, April 19 by Cowen & Co. The stock of Alcoa Corporation (NYSE:AA) earned “Outperform” rating by Credit Suisse on Wednesday, December 20. Citigroup maintained Alcoa Corporation (NYSE:AA) rating on Monday, April 9. Citigroup has “Buy” rating and $57 target. The stock of Alcoa Corporation (NYSE:AA) has “Hold” rating given on Wednesday, January 17 by Cowen & Co. Bank of America maintained the shares of AA in report on Thursday, January 18 with “Buy” rating. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, April 24. J.P. Morgan maintained Alcoa Corporation (NYSE:AA) rating on Monday, February 5. J.P. Morgan has “Buy” rating and $71.0 target. Credit Suisse maintained it with “Outperform” rating and $71 target in Thursday, April 19 report.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company has market cap of $8.92 billion. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products. It has a 41.24 P/E ratio. The firm also offers aluminum cast products; and aluminum sheets for the production of cans for beverage, food, and pet food.

More news for Alcoa Corporation (NYSE:AA) were recently published by: Seekingalpha.com, which released: “First EU steel safeguard measures could come in July” on June 04, 2018. Seekingalpha.com‘s article titled: “US-EU hold tariff talks before deadline” and published on May 30, 2018 is yet another important article.

Alcoa Corporation (NYSE:AA) Ratings Chart

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