On July, 18 Analysts See $1.57 EPS for Alcoa Corporation (AA)

June 27, 2018 - By Tracy Fowler

Alcoa Corporation (NYSE:AA) Corporate Logo
During Q1 2018 the big money sentiment decreased to 0. That’s change of 0.67, from 2017Q4’s 0.67. 2 investors sold all, 2 reduced holdings as Alcoa Corporation ratio fall. 0 increased holdings while 0 funds took holdings. Funds hold 251,028 shares thus 61.08% less from 2017Q4’s 644,941 shares.
Gemmer Asset Mgmt Ltd, a California-based fund reported 42 shs. Carmignac Gestion invested 0.08% in Alcoa Corporation (NYSE:AA). Cypress Limited Liability Company (Wy) reported 610 shs. New York-based Focused Wealth Incorporated has invested 0% in Alcoa Corporation (NYSE:AA). Vantage Invest Advisors Limited Liability Co reported 347 shs stake.

Alcoa Corporation registered $15.40 million net activity with 4 buys and 0 sales since February 8, 2018. On Tuesday, May 15 ELLIOTT INTERNATIONAL – L.P. had bought 544,000 shs worth $9.77 million. The insider ELLIOTT ASSOCIATES – L.P. bought 256,000 shs worth $4.60 million. $999,557 worth of Alcoa Corporation (NYSE:AA) was bought by Hess David P.

Alcoa Corporation (NYSE:AA)’s earnings report is awaited on July, 18., according to RTT. Analysts predict $1.57 EPS. That’s $0.95 up or 153.23 % from 2017’s earnings of $0.62. This could be $292.72 million profit for AA assuming the current $1.57 EPS will become reality. 103.90 % EPS growth is what analysts predict. $0.77 EPS was reported for previous quarter. The stock increased 1.66% or $0.76 during the last trading session, reaching $46.56.Alcoa Corporation has volume of 779,401 shares. Since June 27, 2017 AA has risen 44.85% and is uptrending. The stock outperformed the S&P 500 by 32.28%.

Alcoa Corporation (NYSE:AA) Ratings Coverage

In total 13 analysts cover Alcoa Inc (NYSE:AA). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. 69% are bullish. 19 are the (NYSE:AA)’s analyst reports since January 17, 2018 according to StockzIntelligence Inc. On Friday, April 20 Argus Research maintained Alcoa Corporation (NYSE:AA) with “Buy” rating. In Wednesday, January 17 report BMO Capital Markets maintained it with “Buy” rating and $63.0 target. On Monday, April 9 the stock of Alcoa Corporation (NYSE:AA) has “Buy” rating given by Citigroup. In Monday, February 5 report J.P. Morgan maintained it with “Buy” rating and $71.0 target. In Thursday, April 19 report Bank of America maintained the stock with “Buy” rating. On Tuesday, April 24 Citigroup downgraded Alcoa Corporation (NYSE:AA) rating. Citigroup has “Hold” rating and $5700 target. On Wednesday, June 20 FBR Capital initiated Alcoa Corporation (NYSE:AA) rating. FBR Capital has “Hold” rating and $4700 target. The company rating was maintained by Bank of America on Thursday, January 18. The company rating was maintained by BMO Capital Markets on Thursday, April 19. On Tuesday, April 24 the company was maintained by Morgan Stanley.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products.The company has $8.68 billion market cap. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products.The P/E ratio is 61.34. The firm also offers aluminum cast products; and aluminum sheets for the production of cans for beverage, food, and pet food.

For more Alcoa Corporation (NYSE:AA) news posted briefly go to: Seekingalpha.com, Globenewswire.com, Seekingalpha.com, Benzinga.com or Investorplace.com. The titles are as follows: “Aluminum Tariffs Results Are A Mixed Bag For US So Far” posted on June 26, 2018, “Report: Exploring Fundamental Drivers Behind Cabot Oil & Gas, Chesapeake Lodging Trust, CASI Pharmaceuticals …” on June 25, 2018, “Alcoa: Strong Operating Momentum, Attractive Relative Value” with a publish date: June 22, 2018, “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)” and the last “20 Massively Underpriced Stocks Wall Street Expects to Soar” with publication date: June 25, 2018.

Alcoa Corporation (NYSE:AA) Analyst Ratings Chart

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