News stories about Alcoa (NYSE:AA) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alcoa earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.396175920348 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- The Real Reason Why Aluminum Stock Alcoa Corp Slumped 13.1% in November (finance.yahoo.com)
- Head to Head Contrast: Noranda Aluminum (NORNQ) & Alcoa (AA) (americanbankingnews.com)
- Do What Institutional Investors Does: Skyworks Solutions, Inc. (SWKS), Alcoa Corporation (AA) – Market Movers (financialqz.com)
- Displaced by mining, Peru villagers spurn shiny new town (finance.yahoo.com)
- UPDATE: Alcoa (AA) credit rating raised to BB from BB- at S&P; Outlook Positive (streetinsider.com)
Alcoa (AA) traded up $0.80 during trading on Friday, hitting $41.40. The stock had a trading volume of 3,696,800 shares, compared to its average volume of 4,133,613. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.90. The stock has a market cap of $7,610.00 and a P/E ratio of 19.58. Alcoa has a fifty-two week low of $28.01 and a fifty-two week high of $50.31.
Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.05). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Alcoa had a net margin of 2.61% and a return on equity of 4.90%. The firm’s revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. sell-side analysts forecast that Alcoa will post 3.2 earnings per share for the current year.
Several research analysts have recently issued reports on AA shares. Gabelli cut Alcoa from a “buy” rating to a “hold” rating and upped their price objective for the stock from $57.00 to $60.00 in a research report on Wednesday, October 4th. Zacks Investment Research raised Alcoa from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Thursday, September 14th. Berenberg Bank set a $44.00 target price on Alcoa and gave the company a “hold” rating in a report on Wednesday, October 18th. Deutsche Bank raised Alcoa from a “hold” rating to a “buy” rating and boosted their target price for the company from $44.00 to $60.00 in a report on Tuesday, September 12th. Finally, Macquarie assumed coverage on Alcoa in a report on Thursday, September 7th. They issued an “outperform” rating for the company. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.88.
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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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