Alcoa (NYSE:AA) Price Target Lowered to $32.00 at UBS Group

Alcoa (NYSE:AA - Get Free Report) had its price target decreased by research analysts at UBS Group from $47.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. UBS Group's target price would suggest a potential upside of 28.28% from the company's current price.

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Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut their price objective on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Bank of America restated an "underperform" rating and issued a $26.00 price objective (down from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. B. Riley raised shares of Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group reduced their price objective on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, HC Wainwright upped their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Read Our Latest Stock Report on AA

Alcoa Stock Performance

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AA traded down $0.07 during midday trading on Tuesday, hitting $24.95. 1,421,346 shares of the company were exchanged, compared to its average volume of 5,491,297. The company's 50 day simple moving average is $32.05 and its 200 day simple moving average is $37.34. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of -156.08, a price-to-earnings-growth ratio of 0.19 and a beta of 2.28. Alcoa has a 1-year low of $21.53 and a 1-year high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. As a group, sell-side analysts predict that Alcoa will post 4.43 earnings per share for the current year.

Institutional Inflows and Outflows

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Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in shares of Alcoa by 77.1% in the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 296 shares during the period. Versant Capital Management Inc increased its position in shares of Alcoa by 134.7% during the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock worth $28,000 after acquiring an additional 520 shares during the period. SBI Securities Co. Ltd. purchased a new position in Alcoa in the fourth quarter valued at $29,000. Point72 Hong Kong Ltd acquired a new stake in Alcoa in the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Alcoa by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after buying an additional 393 shares during the period. Institutional investors and hedge funds own 82.39% of the company's stock.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.

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