News stories about Alcoa (NYSE:AA) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alcoa earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.0197848439716 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Hot Tickers: Alcoa Corporation (AA), MGIC Investment Corporation (MTG) – Market Movers (financialqz.com)
- Stocks To Watch: Alcoa Sees Relative Strength Rating Rise To 82 (finance.yahoo.com)
- Alcoa Corporation (NYSE:AA) – Market Cap Secrets – Nasdaq Journal (press release) (nasdaqjournal.com)
- Here's How Alcoa Inc. Crushed It in 2017 (finance.yahoo.com)
- Short Term Technical Analysis: Alcoa Corporation (AA), Dick’s Sporting Goods, Inc. (DKS) – Market Movers (financialqz.com)
A number of analysts recently issued reports on the company. Gabelli lowered Alcoa from a “buy” rating to a “hold” rating and boosted their price objective for the company from $57.00 to $60.00 in a research note on Wednesday, October 4th. Berenberg Bank set a $44.00 price objective on Alcoa and gave the company a “hold” rating in a research note on Wednesday, October 18th. J P Morgan Chase & Co reiterated a “buy” rating and set a $60.00 price objective on shares of Alcoa in a research note on Thursday, October 19th. Macquarie reiterated a “buy” rating and set a $62.00 price objective (up from $55.00) on shares of Alcoa in a research note on Tuesday, October 10th. Finally, Cowen set a $51.00 price objective on Alcoa and gave the company a “hold” rating in a research note on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.40.
Alcoa (NYSE:AA) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.05). Alcoa had a return on equity of 4.90% and a net margin of 2.61%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Alcoa’s quarterly revenue was up 27.3% compared to the same quarter last year. equities research analysts predict that Alcoa will post 3.2 EPS for the current year.
Alcoa Company Profile
Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company 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.
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