Analyst Revises Alcoa Inc. (NYSE:AA) Stock Target


Alcoa Inc. (NYSE:AA) mean price target has been set at $11.3300 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.1100 in the near-term quarter and $0.4400 for the ongoing fiscal. The market cap of Alcoa Inc. Common Stock was recorded at $14.16B after the stock closed at $10.7699 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Alcoa Inc. (NYSE:AA) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Alcoa Inc. (NYSE:AA) PEG ratio sits at 2.7800. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Alcoa Inc. Common Stock visibly illustrates that the 50-day MA of Alcoa Inc. Common Stock is $9.9003, and stock is trading 0.8696 or +8.7837% distant from $9.9003. The 200-day MA is $9.2745, and this price is $1.4954 or +16.1235% off from current level. Alcoa Inc. (NYSE:AA) 52-week high is $11.5000 and the 52-week low is $6.1400. This represents that if the stock moves $-0.7301 points up on the chart to make a 52-week high. But, if it declines $+75.4055%, then the shares price can hit a new 52-week low.

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