Deutsche Bank Gives Alcoa Inc (NYSE:AA) a Higher Rating. Will Other Analysts Follow Suit?

September 17, 2017 - By Dolores Ford

  Deutsche Bank Gives Alcoa Inc (NYSE:AA) a Higher Rating. Will Other Analysts Follow Suit?

Investors sentiment decreased to 0.01 in 2016 Q4. Its down 0.54, from 0.55 in 2016Q3. It fall, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.

Fifth Third Comml Bank reported 2,014 shares stake. Salem Inv Counselors holds 0% or 11 shares in its portfolio. Carmignac Gestion stated it has 0.08% of its portfolio in Alcoa Corp (NYSE:AA). Ftb Advsr has invested 0% in Alcoa Corp (NYSE:AA). Amg Funds Ltd Liability Corp reported 14,514 shares stake. Vantage Invest Ltd Com reported 347 shares. Covington Capital owns 10,657 shares for 0.03% of their portfolio. Amer & Mngmt Com invested in 0% or 333 shares. Stevens First Principles Invest Advsrs owns 984 shares for 0.02% of their portfolio. 42 were accumulated by Gemmer Asset Management. Peoples Financial Svcs holds 0% or 712 shares in its portfolio. 1,111 were accumulated by Asset Management Ltd Liability Co. Cibc Ww Markets Corporation holds 0.09% or 300,000 shares. Folger Nolan Fleming Douglas Mgmt Inc holds 0.02% or 10,900 shares in its portfolio. 29 were accumulated by Focused Wealth.

Since May 26, 2017, it had 2 insider buys, and 0 selling transactions for $471,689 activity. Merrin Patrice E bought $271,650 worth of stock or 10,000 shares.

Alcoa Inc (NYSE:AA) Stock Upgrade

Deutsche Bank has upped shares of Alcoa Inc (NYSE:AA) to a Buy and at this point in time has a $60.0 TP on the stock. This was disclosed to clients in a recent research note earlier today. Deutsche Bank’s TP suggests a possible upside of 34.38 %.

Investors sentiment decreased to 0.01 in 2016 Q4. Its down 0.54, from 0.55 in 2016Q3. It fall, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.

Fifth Third Comml Bank reported 2,014 shares stake. Salem Inv Counselors holds 0% or 11 shares in its portfolio. Carmignac Gestion stated it has 0.08% of its portfolio in Alcoa Corp (NYSE:AA). Ftb Advsr has invested 0% in Alcoa Corp (NYSE:AA). Amg Funds Ltd Liability Corp reported 14,514 shares stake. Vantage Invest Ltd Com reported 347 shares. Covington Capital owns 10,657 shares for 0.03% of their portfolio. Amer & Mngmt Com invested in 0% or 333 shares. Stevens First Principles Invest Advsrs owns 984 shares for 0.02% of their portfolio. 42 were accumulated by Gemmer Asset Management. Peoples Financial Svcs holds 0% or 712 shares in its portfolio. 1,111 were accumulated by Asset Management Ltd Liability Co. Cibc Ww Markets Corporation holds 0.09% or 300,000 shares. Folger Nolan Fleming Douglas Mgmt Inc holds 0.02% or 10,900 shares in its portfolio. 29 were accumulated by Focused Wealth.

Since May 26, 2017, it had 2 insider buys, and 0 selling transactions for $471,689 activity. Merrin Patrice E bought $271,650 worth of stock or 10,000 shares.

Alcoa Corp (NYSE:AA) Ratings Coverage

Among 23 analysts covering Alcoa Inc. (NYSE:AA), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Alcoa Inc. has $60 highest and $2 lowest target. $26.81’s average target is -39.96% below currents $44.65 stock price. Alcoa Inc. had 62 analyst reports since August 4, 2015 according to SRatingsIntel. S&P Research maintained Alcoa Corp (NYSE:AA) rating on Tuesday, September 29. S&P Research has “Buy” rating and $15 target. The stock has “Buy” rating by UBS on Friday, November 20. The company was upgraded on Friday, June 23 by ING Group. The stock of Alcoa Corp (NYSE:AA) earned “Buy” rating by Gabelli on Tuesday, November 1. The firm earned “Sector Perform” rating on Wednesday, October 12 by RBC Capital Markets. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, March 2 report. As per Tuesday, September 8, the company rating was upgraded by Bank of America. The rating was maintained by Deutsche Bank with “Buy” on Monday, October 5. Bank of America upgraded the stock to “Buy” rating in Friday, February 3 report. BMO Capital Markets upgraded the stock to “Outperform” rating in Monday, April 3 report.

The stock decreased 0.31% or $0.14 on September 15, reaching $44.65. About 5.44 million shares traded or 38.07% up from the average. Alcoa Corp (NYSE:AA) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts expect Alcoa Corp (NYSE:AA) to report $0.71 EPS on October, 18 after the close.AA’s profit would be $130.87M giving it 15.72 P/E if the $0.71 EPS is correct. After having $0.62 EPS previously, Alcoa Corp’s analysts see 14.52 % EPS growth.

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The company has market cap of $8.23 billion. The Firm 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. It has a 53.97 P/E ratio. The Company’s divisions include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products.

More important recent Alcoa Corp (NYSE:AA) news were published by: Seekingalpha.com which released: “Alcoa Corporation (AA) Presents at Morgan Stanley 5th Annual Laguna Conference …” on September 14, 2017, also Investorplace.com published article titled: “Trade of the Day: Alcoa Corp (AA) Stock Aims Higher”, Bizjournals.com published: “7 things to know about Alcoa’s HQ move back to Pittsburgh” on August 31, 2017. More interesting news about Alcoa Corp (NYSE:AA) was released by: Nasdaq.com and their article: “Commit To Purchase Alcoa Corporation At $28, Earn 7.7% Using Options” with publication date: September 14, 2017.

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