Alcoa Inc (NYSE:AA) May Have Just Reached An Inflection Point; Deutsche Bank Upgrades Shares

September 17, 2017 - By Peter Erickson

  Alcoa Inc (NYSE:AA) May Have Just Reached An Inflection Point; Deutsche Bank Upgrades Shares

Investors sentiment decreased to 0.01 in Q4 2016. Its down 0.54, from 0.55 in 2016Q3. It turned negative, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.

Salem Inv Counselors holds 0% of its portfolio in Alcoa Corp (NYSE:AA) for 11 shares. Covington Capital Mngmt has invested 0.03% in Alcoa Corp (NYSE:AA). 333 were accumulated by Amer Research And Mgmt Company. Stevens First Principles Investment Advsr holds 984 shares or 0.02% of its portfolio. Gemmer Asset Ltd reported 0% in Alcoa Corp (NYSE:AA). Folger Nolan Fleming Douglas Capital Management holds 0.02% or 10,900 shares in its portfolio. Cibc World holds 0.09% of its portfolio in Alcoa Corp (NYSE:AA) for 300,000 shares. 712 are held by Peoples Svcs. Asset Mngmt Limited Liability owns 1,111 shares. Amg Funds Ltd Com accumulated 14,514 shares. Focused Wealth Mgmt Inc has 0% invested in Alcoa Corp (NYSE:AA) for 29 shares. Ftb Advsrs holds 3,600 shares or 0% of its portfolio. Fifth Third Bank & Trust reported 2,014 shares. Carmignac Gestion invested 0.08% of its portfolio in Alcoa Corp (NYSE:AA). Pennsylvania-based Vantage Invest Advsrs Limited Liability Co has invested 0% in Alcoa Corp (NYSE:AA).

Since May 26, 2017, it had 2 insider purchases, and 0 selling transactions for $471,689 activity. Merrin Patrice E bought $271,650 worth of Alcoa Corp (NYSE:AA) on Tuesday, May 30.

Alcoa Inc (NYSE:AA) Stock Upgrade

Deutsche Bank boosted shares of Alcoa Inc (NYSE:AA) stock to a solid “Buy” rating. This recent change was issued to clients in a note today. The financial company currently has a $60.0 PT on AA.

Investors sentiment decreased to 0.01 in Q4 2016. Its down 0.54, from 0.55 in 2016Q3. It turned negative, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.

Salem Inv Counselors holds 0% of its portfolio in Alcoa Corp (NYSE:AA) for 11 shares. Covington Capital Mngmt has invested 0.03% in Alcoa Corp (NYSE:AA). 333 were accumulated by Amer Research And Mgmt Company. Stevens First Principles Investment Advsr holds 984 shares or 0.02% of its portfolio. Gemmer Asset Ltd reported 0% in Alcoa Corp (NYSE:AA). Folger Nolan Fleming Douglas Capital Management holds 0.02% or 10,900 shares in its portfolio. Cibc World holds 0.09% of its portfolio in Alcoa Corp (NYSE:AA) for 300,000 shares. 712 are held by Peoples Svcs. Asset Mngmt Limited Liability owns 1,111 shares. Amg Funds Ltd Com accumulated 14,514 shares. Focused Wealth Mgmt Inc has 0% invested in Alcoa Corp (NYSE:AA) for 29 shares. Ftb Advsrs holds 3,600 shares or 0% of its portfolio. Fifth Third Bank & Trust reported 2,014 shares. Carmignac Gestion invested 0.08% of its portfolio in Alcoa Corp (NYSE:AA). Pennsylvania-based Vantage Invest Advsrs Limited Liability Co has invested 0% in Alcoa Corp (NYSE:AA).

Since May 26, 2017, it had 2 insider purchases, and 0 selling transactions for $471,689 activity. Merrin Patrice E bought $271,650 worth of Alcoa Corp (NYSE:AA) on Tuesday, May 30.

Alcoa Corp (NYSE:AA) Ratings Coverage

Among 23 analysts covering Alcoa Inc. (NYSE:AA), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Alcoa Inc. has $60 highest and $2 lowest target. $26.81’s average target is -39.96% below currents $44.65 stock price. Alcoa Inc. had 62 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Sector Perform” rating and $31 target in Wednesday, October 12 report. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, September 13. The firm has “Hold” rating given on Wednesday, January 25 by Maxim Group. The stock has “Neutral” rating by Nomura on Monday, November 9. The firm has “Neutral” rating by Seaport Global given on Friday, September 9. On Wednesday, April 6 the stock rating was maintained by Macquarie Research with “Outperform”. The stock of Alcoa Corp (NYSE:AA) has “Neutral” rating given on Monday, December 5 by Citigroup. The firm earned “Outperform” rating on Tuesday, December 20 by Macquarie Research. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, December 22 report. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 12.

The stock decreased 0.31% or $0.14 on September 15, reaching $44.65. About 5.44 million shares traded or 38.07% up from the average. Alcoa Corp (NYSE:AA) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Alcoa Corp (NYSE:AA) to report earnings on October, 18 after the close. AA’s profit will be $130.87M for 15.72 P/E if the $0.71 EPS becomes a reality. After $0.62 actual EPS reported by Alcoa Corp for the previous quarter, Wall Street now forecasts 14.52 % EPS growth.

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The company has market cap of $8.23 billion. The Firm is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling. It has a 53.97 P/E ratio. The Company’s divisions include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products.

More important recent Alcoa Corp (NYSE:AA) news were published by: Nasdaq.com which released: “Commit To Purchase Alcoa Corporation At $28, Earn 7.7% Using Options” on September 14, 2017, also Bizjournals.com published article titled: “7 things to know about Alcoa’s HQ move back to Pittsburgh”, Investorplace.com published: “Trade of the Day: Alcoa Corp (AA) Stock Aims Higher” on August 28, 2017. More interesting news about Alcoa Corp (NYSE:AA) was released by: Seekingalpha.com and their article: “Alcoa Corporation (AA) Presents at Morgan Stanley 5th Annual Laguna Conference …” with publication date: September 14, 2017.

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