Alcoa (AA) Earns Daily Coverage Optimism Rating of 0.17

News articles about Alcoa (NYSE:AA) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alcoa earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.3035391626611 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

AA has been the subject of a number of recent analyst reports. Deutsche Bank upgraded Alcoa from a “hold” rating to a “buy” rating and increased their price target for the stock from $44.00 to $60.00 in a report on Tuesday, September 12th. Zacks Investment Research downgraded Alcoa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets increased their price target on Alcoa from $45.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, September 13th. Morgan Stanley restated an “overweight” rating and issued a $47.00 target price on shares of Alcoa in a research note on Wednesday, September 20th. Finally, Berenberg Bank downgraded Alcoa from a “buy” rating to a “hold” rating and raised their target price for the company from $41.00 to $44.00 in a research note on Friday, September 22nd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $53.07.

Shares of Alcoa (NYSE:AA) traded down $0.80 on Tuesday, hitting $54.20. The stock had a trading volume of 3,533,011 shares, compared to its average volume of 4,050,000. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.38. The firm has a market cap of $10,030.00 and a P/E ratio of 37.12. Alcoa has a 12 month low of $29.22 and a 12 month high of $56.15.

Alcoa (NYSE:AA) last issued 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). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.95 billion. Alcoa had a net margin of 2.61% and a return on equity of 4.90%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. equities research analysts predict that Alcoa will post 3.19 earnings per share for the current fiscal year.

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About Alcoa

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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