Alcoa (AA) Receives ‘Analyst’ Rating

Alcoa (AA) : Zacks Investment Research ranks Alcoa (AA) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.14, which indicates as a Buy.

Alcoa (AA) : The consensus price target for Alcoa (AA) is $11.5 for the short term with a standard deviation of $1.72. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $8.


Also, Seaport Global initiates coverage on Alcoa (NYSE:AA). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on September 9, 2016.

Alcoa (NYSE:AA): After opening at $9.4, the stock dipped to an intraday low of $9.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.52 and the buying power remained strong till the end. The stock closed at $9.47 for the day, a gain of 0.85% for the day session. The total traded volume was 15,130,735. The stocks close on the previous trading day was $9.39.

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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