Today, Alcoa Inc. (AA) Cut to “Strong Sell” at Vetr Inc.

Today, Alcoa Inc. (AA) Cut to “Strong Sell” at Vetr Inc.

Vetr cut shares of Alcoa Inc. (NYSE:AA) from a sell rating to a strong sell rating in a report issued on Thursday. They currently have $27.98 target price on the stock.

Several other equities analysts also recently commented on AA. Credit Suisse Group AG set a $39.00 price objective on Alcoa and gave the company a buy rating in a research report on Saturday, October 8th. BMO Capital Markets reaffirmed a hold rating and issued a $27.00 price objective on shares of Alcoa in a research report on Friday, October 21st. Cowen and Company assumed coverage on Alcoa in a research report on Monday, November 7th. They set a market perform rating and a $29.00 price target on the stock. Morgan Stanley assumed coverage on Alcoa in a research report on Monday, November 7th. They set an overweight rating and a $27.00 price target on the stock. Finally, Goldman Sachs Group Inc. assumed coverage on Alcoa in a research report on Wednesday, November 2nd. They set a sell rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $19.95.

Alcoa (NYSE:AA) opened at 30.86 on Thursday. The stock has a 50 day moving average price of $26.18 and a 200 day moving average price of $26.18. Alcoa has a 52-week low of $20.00 and a 52-week high of $32.19.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Tuesday, October 11th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.21. The company had revenue of $5.21 billion for the quarter. Alcoa had a positive return on equity of 3.87% and a negative net margin of 0.88%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. Equities analysts predict that Alcoa will post ($0.62) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Friday, November 4th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Wednesday, November 2nd. Alcoa’s dividend payout ratio (DPR) is -63.15%.

A number of hedge funds have recently bought and sold shares of AA. Hollencrest Securities LLC raised its stake in Alcoa by 0.5% in the second quarter. Hollencrest Securities LLC now owns 41,420 shares of the company’s stock valued at $384,000 after buying an additional 204 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Alcoa by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,125,162 shares of the company’s stock valued at $10,430,000 after buying an additional 15,297 shares during the period. Berson & Corrado Investment Advisors LLC raised its stake in Alcoa by 4.6% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 40,675 shares of the company’s stock valued at $377,000 after buying an additional 1,803 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in Alcoa by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 340,416 shares of the company’s stock valued at $3,156,000 after buying an additional 20,283 shares during the period. Finally, DNB Asset Management AS raised its stake in Alcoa by 2.8% in the second quarter. DNB Asset Management AS now owns 110,875 shares of the company’s stock valued at $1,028,000 after buying an additional 3,000 shares during the period.

Alcoa Company Profile

Alcoa Inc is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications.

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