Favorable Press Coverage Extremely Likely to Affect Alcoa (AA) Stock Price

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News coverage about Alcoa (NYSE:AA) has trended positive on Saturday, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alcoa earned a media sentiment score of 2.33 on their scale. InfoTrie also gave media coverage about the industrial products company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have effected Alcoa’s analysis:

A number of equities analysts recently commented on the stock. ValuEngine downgraded shares of Alcoa from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Deutsche Bank reduced their price objective on shares of Alcoa from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 24th. Morgan Stanley reduced their price objective on shares of Alcoa from $60.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, July 23rd. Credit Suisse Group reduced their price objective on shares of Alcoa from $69.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 19th. Finally, BMO Capital Markets reduced their price objective on shares of Alcoa from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Alcoa presently has an average rating of “Buy” and an average target price of $61.67.

Shares of AA stock traded down $2.02 during trading hours on Friday, reaching $34.36. 4,277,967 shares of the company’s stock were exchanged, compared to its average volume of 3,842,217. The company has a market cap of $6.87 billion, a PE ratio of 11.42, a PEG ratio of 1.11 and a beta of 0.75. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. Alcoa has a fifty-two week low of $33.08 and a fifty-two week high of $62.35.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.27. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.35 billion. Alcoa had a positive return on equity of 10.38% and a negative net margin of 0.09%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. On average, equities analysts forecast that Alcoa will post 3.72 earnings per share for the current year.

Alcoa declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 17th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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About Alcoa

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.

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