Alcoa Inc (NYSE:AA) Receives a Higher Rating From Deutsche Bank. Will This be a Boost to the Share Price?

September 17, 2017 - By Adrian Erickson

  Alcoa Inc (NYSE:AA) Receives a Higher Rating From Deutsche Bank. Will This be a Boost to the Share Price?

Investors sentiment decreased to 0.01 in Q4 2016. Its down 0.54, from 0.55 in 2016Q3. It dropped, 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 Inc reported 11 shares. The California-based Covington Cap Mgmt has invested 0.03% in Alcoa Corp (NYSE:AA). Ftb Advsr Inc has 3,600 shares. Cibc Ww holds 0.09% or 300,000 shares. Peoples Service Corp invested in 0% or 712 shares. Stevens First Principles Investment Advisors accumulated 984 shares or 0.02% of the stock. Amg Funds Limited Company invested in 14,514 shares or 0.22% of the stock. Trust Asset Mgmt Ltd Com has invested 0.02% in Alcoa Corp (NYSE:AA). Folger Nolan Fleming Douglas Capital stated it has 10,900 shares. Vantage Advsr Ltd Liability Corporation holds 0% of its portfolio in Alcoa Corp (NYSE:AA) for 347 shares. Focused Wealth Mgmt holds 29 shares or 0% of its portfolio. Fifth Third Fincl Bank owns 0% invested in Alcoa Corp (NYSE:AA) for 2,014 shares. American Rech Management Com owns 333 shares. Gemmer Asset Mngmt Ltd, California-based fund reported 42 shares. Carmignac Gestion holds 0.08% or 369,999 shares.

Since May 26, 2017, it had 2 insider buys, and 0 sales for $471,689 activity. $200,039 worth of stock was bought by AYERS CHRISTOPHER L on Friday, May 26.

Alcoa Inc (NYSE:AA) Stock Upgrade

The equities rating of Alcoa Inc (NYSE:AA) shares was boosted by equity analysts at Deutsche Bank to a respectable “Buy” rating in a research report shared with investors on Tuesday, 12 September. The firm Deutsche Bank has a $60.0 price target on the stock. Deutsche Bank’s price target suggests a possible upside of 34.38 %.

Investors sentiment decreased to 0.01 in Q4 2016. Its down 0.54, from 0.55 in 2016Q3. It dropped, 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 Inc reported 11 shares. The California-based Covington Cap Mgmt has invested 0.03% in Alcoa Corp (NYSE:AA). Ftb Advsr Inc has 3,600 shares. Cibc Ww holds 0.09% or 300,000 shares. Peoples Service Corp invested in 0% or 712 shares. Stevens First Principles Investment Advisors accumulated 984 shares or 0.02% of the stock. Amg Funds Limited Company invested in 14,514 shares or 0.22% of the stock. Trust Asset Mgmt Ltd Com has invested 0.02% in Alcoa Corp (NYSE:AA). Folger Nolan Fleming Douglas Capital stated it has 10,900 shares. Vantage Advsr Ltd Liability Corporation holds 0% of its portfolio in Alcoa Corp (NYSE:AA) for 347 shares. Focused Wealth Mgmt holds 29 shares or 0% of its portfolio. Fifth Third Fincl Bank owns 0% invested in Alcoa Corp (NYSE:AA) for 2,014 shares. American Rech Management Com owns 333 shares. Gemmer Asset Mngmt Ltd, California-based fund reported 42 shares. Carmignac Gestion holds 0.08% or 369,999 shares.

Since May 26, 2017, it had 2 insider buys, and 0 sales for $471,689 activity. $200,039 worth of stock was bought by AYERS CHRISTOPHER L on Friday, May 26.

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. Citigroup upgraded the stock to “Buy” rating in Wednesday, January 25 report. The firm has “Buy” rating by Gabelli given on Tuesday, January 12. The firm has “Buy” rating given on Wednesday, October 12 by Deutsche Bank. The rating was initiated by Seaport Global on Friday, September 9 with “Neutral”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 7 report. On Wednesday, January 25 the stock rating was maintained by Maxim Group with “Hold”. The stock of Alcoa Corp (NYSE:AA) has “Market Perform” rating given on Tuesday, January 12 by BMO Capital Markets. The stock of Alcoa Corp (NYSE:AA) earned “Buy” rating by Gabelli on Monday, October 5. On Wednesday, August 9 the stock rating was initiated by Credit Suisse with “Hold”. On Wednesday, September 13 the stock rating was maintained by BMO Capital Markets with “Outperform”.

The stock decreased 0.31% or $0.14 on September 15, reaching $44.65. About 5.44M 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 expect Alcoa Corp (NYSE:AA) to report $0.71 EPS on October, 18 after the close.AA’s profit would be $130.87 million giving it 15.72 P/E if the $0.71 EPS is correct. After having $0.62 EPS previously, Alcoa Corp’s analysts see 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: Seekingalpha.com which released: “Alcoa Corporation (AA) Presents at Morgan Stanley 5th Annual Laguna Conference …” on September 14, 2017, also Nasdaq.com published article titled: “Commit To Purchase Alcoa Corporation At $28, Earn 7.7% Using Options”, Bizjournals.com published: “7 things to know about Alcoa’s HQ move back to Pittsburgh” on August 31, 2017. More interesting news about Alcoa Corp (NYSE:AA) was released by: Investorplace.com and their article: “Trade of the Day: Alcoa Corp (AA) Stock Aims Higher” with publication date: August 28, 2017.

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