Short Term Price Target on Alcoa (AA)

Alcoa (NYSE:AA) : The highest short term price target forecast on Alcoa (NYSE:AA) is $14 and the lowest target price is $7. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $10.91 with a standard deviation of $2.12.

Alcoa Inc. has lost 8.67% in the last five trading days and dropped 0.32% in the last 4 weeks. Alcoa Inc. has dropped 3.46% during the last 3-month period . Year-to-Date the stock performance stands at -5.4%. Also, Bank of America upgrades its view on Alcoa (NYSE:AA) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on May 23, 2016.

Alcoa (NYSE:AA) : The consensus on Alcoa (NYSE:AA) based on 12 analyst recommendation on the company stock is 2.04, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Alcoa (NYSE:AA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.19 and $9.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.27, notching a gain of 1.87% for the day. The total traded volume was 24,791,907 . The stock had closed at $9.10 on the previous day.

In an insider trading activity, Schmidt Ulrich, director of Alcoa Inc. had purchased 5,000 shares on April 26, 2016 in a transaction. The price per share was $10.25 and the total amount of the disclosed transaction was $51,250.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world. It also produces and manages primary aluminum, fabricated aluminum and alumina combined, through its active participation in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. It produces three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.

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