Analyst Rating Update on Alcoa (AA)

Alcoa (AA) has an average broker rating of 2.04, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Alcoa (AA) : 11 investment research analysts covering Alcoa (AA) have an average price target of $11.09 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $8 for the short term. Analysts expect the variance to be within $1.97 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley maintains its rating on Alcoa (NYSE:AA). The global brokerage major raises the current price target from $11 per share to $12 per share. Analysts at the Morgan Stanley have a current rating of Overweight on the shares. The rating by the firm was issued on June 30, 2016.


Alcoa (NYSE:AA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.30 and $10.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.41, notching a gain of 1.17% for the day. The total traded volume was 13,904,068 . The stock had closed at $10.29 on the previous day.

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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