News headlines about Alcoa Corp. (NYSE:AA) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive 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 Corp. earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.4003615306459 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- Watch for Shares of Alcoa Corp (AA) to Approach Resistance at $38.64 (mysmartrend.com)
- Freeport McMoRan leads S&P 500 gainers as metals prices rally - MarketWatch (marketwatch.com)
- Is Now the Time to Buy Alcoa Corp (AA)? - Evergreen Caller (evergreencaller.com)
- Dissecting the Numbers for Alcoa Corporation (AA) and Century Aluminum Company (CENX) - StockNewsGazette (stocknewsgazette.com)
- Comparing Aluminum Corporation of China Limited (ACH) and Alcoa Corp (AA) (americanbankingnews.com)
AA has been the topic of a number of recent analyst reports. Credit Suisse Group initiated coverage on Alcoa Corp. in a report on Wednesday, August 9th. They set a “neutral” rating and a $42.00 price objective on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a $44.00 price objective on shares of Alcoa Corp. in a report on Wednesday, August 9th. BMO Capital Markets set a $45.00 price objective on Alcoa Corp. and gave the stock a “buy” rating in a report on Saturday, August 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alcoa Corp. in a report on Friday, July 21st. Finally, Clarkson Capital reissued a “buy” rating on shares of Alcoa Corp. in a report on Thursday, July 20th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Alcoa Corp. presently has an average rating of “Buy” and an average target price of $39.00.
Alcoa Corp. (NYSE:AA) opened at 38.47 on Tuesday. The stock has a market capitalization of $7.09 billion and a P/E ratio of 43.77. The stock has a 50 day moving average price of $36.61 and a 200-day moving average price of $34.40. Alcoa Corp. has a 12-month low of $20.00 and a 12-month high of $40.36.
Alcoa Corp. (NYSE:AA) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Alcoa Corp. had a return on equity of 3.29% and a net margin of 1.63%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. Equities research analysts expect that Alcoa Corp. will post $2.84 EPS for the current year.
Alcoa Corp. 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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