Alcoa (AA) Given Coverage Optimism Score of 0.08

News stories about Alcoa (NYSE:AA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alcoa earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.3933540186215 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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

Shares of Alcoa (NYSE AA) traded up $0.39 during midday trading on Friday, reaching $47.86. 2,770,000 shares of the company traded hands, compared to its average volume of 3,980,000. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 0.86. The company has a market capitalization of $8,910.00 and a price-to-earnings ratio of 37.69. Alcoa has a 12 month low of $29.55 and a 12 month high of $57.50.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, January 17th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.19). The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.29 billion. Alcoa had a negative net margin of 1.07% and a negative return on equity of 13.44%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. analysts predict that Alcoa will post 3.56 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group raised shares of Alcoa from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $42.00 to $61.00 in a research note on Wednesday, December 20th. JPMorgan Chase & Co. boosted their price objective on shares of Alcoa from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Citigroup set a $55.00 price objective on shares of Alcoa and gave the company a “buy” rating in a report on Wednesday, November 29th. Morgan Stanley set a $55.00 price objective on shares of Alcoa and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, BMO Capital Markets reissued a “buy” rating and set a $60.00 price objective on shares of Alcoa in a report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $57.72.

In other Alcoa news, COO Tomas Mar Sigurdsson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total value of $513,700.00. Following the completion of the transaction, the chief operating officer now directly owns 46,832 shares in the company, valued at $2,405,759.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William F. Oplinger sold 229,475 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following the completion of the transaction, the vice president now owns 108,915 shares of the company’s stock, valued at $5,757,246.90. The disclosure for this sale can be found here.

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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.

Insider Buying and Selling by Quarter for Alcoa (NYSE:AA)

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