Brokerages Set Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Price Target at $9.86

Shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.86.

ACH has been the topic of a number of research reports. Bank of America raised their target price on shares of Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. reissued a “sell” rating on shares of Stratasys in a research note on Monday, April 1st. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Finally, Credit Suisse Group raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Tuesday, April 30th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in Aluminum Corp. of China Limited ADR Class H by 52.6% during the 1st quarter. Quadrant Capital Group LLC now owns 10,110 shares of the basic materials company’s stock worth $93,000 after buying an additional 3,485 shares during the period. Millennium Management LLC purchased a new stake in Aluminum Corp. of China Limited ADR Class H during the 4th quarter worth $199,000. Finally, Bank of Montreal Can purchased a new stake in Aluminum Corp. of China Limited ADR Class H during the 1st quarter worth $371,000. 0.33% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:ACH traded down $0.01 during trading hours on Friday, reaching $8.20. 1,666 shares of the company were exchanged, compared to its average volume of 46,291. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 0.86. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 819.28 and a beta of 0.80. Aluminum Corp. of China Limited ADR Class H has a 52-week low of $7.44 and a 52-week high of $12.13. The company’s 50 day moving average is $8.75.

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) last issued its earnings results on Monday, April 29th. The basic materials company reported $0.01 EPS for the quarter. Aluminum Corp. of China Limited ADR Class H had a net margin of 0.55% and a return on equity of 0.97%. The business had revenue of $6.54 billion for the quarter. On average, analysts forecast that Aluminum Corp. of China Limited ADR Class H will post 0.32 EPS for the current fiscal year.

Aluminum Corp. of China Limited ADR Class H Company Profile

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

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Analyst Recommendations for Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)

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