Alcoa Inc (AA) is Initiated by Goldman to Neutral, Price Target at $9

Alcoa Inc (AA) was Initiated by Goldman to “Neutral” and the brokerage firm has set the Price Target at $9. Goldman advised their investors in a research report released on May 19, 2016.

Many Wall Street Analysts have commented on Alcoa Inc. Rosenblatt Initiated Alcoa Inc on Apr 26, 2016 to “Buy”, Price Target of the shares are set at $15.Shares were Reiterated by Stifel on Apr 12, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $14 .Alcoa Inc was Initiated by Credit Suisse to “Outperform” on Mar 11, 2016.

On the company’s financial health, Alcoa Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 11, 2016. Analyst had a consensus of $0.03. The company had revenue of $4947.00 million for the quarter, compared to analysts expectations of $5153.58 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Alcoa Inc opened for trading at $9.3 and hit $9.47 on the upside on Monday, eventually ending the session at $9.28, with a gain of 0.87% or 0.08 points. The heightened volatility saw the trading volume jump to 1,98,87,747 shares. Company has a market cap of $12,204 M.

In a different news, on Apr 28, 2016, Ulrich Schmidt (director) purchased 5,000 shares at $10.25 per share price. According to the SEC, on Apr 26, 2016, Olivier M Jarrault (Executive Vice President) sold 12,810 shares at $10.23 per share price. On Apr 20, 2016, Martin Sorrell (director) purchased 2,100 shares at $10.35 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Alcoa Inc

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