Will the Recent Deutsche Bank Upgrade Help Alcoa Inc (NYSE:AA) Shares This Week?

September 17, 2017 - By Henry Gaston

  Will the Recent Deutsche Bank Upgrade Help Alcoa Inc (NYSE:AA) Shares This Week?

Investors sentiment decreased to 0.01 in Q4 2016. Its down 0.54, from 0.55 in 2016Q3. It worsened, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.

333 were reported by And Mngmt. Stevens First Principles Investment Advsrs invested in 0.02% or 984 shares. Focused Wealth Management accumulated 29 shares or 0% of the stock. Pennsylvania-based Peoples Financial Svcs Corporation has invested 0% in Alcoa Corp (NYSE:AA). Trust Asset Ltd Company reported 1,111 shares stake. Salem Invest Counselors holds 11 shares or 0% of its portfolio. Amg Funds Ltd reported 0.22% stake. Folger Nolan Fleming Douglas Capital Mgmt Inc holds 0.02% or 10,900 shares in its portfolio. The Pennsylvania-based Vantage Investment has invested 0% in Alcoa Corp (NYSE:AA). Fifth Third Bankshares has 0% invested in Alcoa Corp (NYSE:AA) for 2,014 shares. Gemmer Asset Management Limited Liability Corp holds 42 shares or 0% of its portfolio. Cibc Ww Markets invested in 0.09% or 300,000 shares. 10,657 were accumulated by Covington Cap Mngmt. Carmignac Gestion reported 369,999 shares. Ftb Advsrs owns 3,600 shares for 0% of their portfolio.

Since May 26, 2017, it had 2 insider buys, and 0 insider sales for $471,689 activity. The insider AYERS CHRISTOPHER L bought $200,039.

Alcoa Inc (NYSE:AA) Stock Upgrade

Deutsche Bank has just given Alcoa Inc (NYSE:AA) shares an updated Buy rating in a note revealed to investors and clients on Tuesday, 12 September. The firm from today has a respectable $60.0 target price per share on the stock. The target announced by Deutsche Bank is 34.38 % from AA’s current share price.

Investors sentiment decreased to 0.01 in Q4 2016. Its down 0.54, from 0.55 in 2016Q3. It worsened, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.

333 were reported by And Mngmt. Stevens First Principles Investment Advsrs invested in 0.02% or 984 shares. Focused Wealth Management accumulated 29 shares or 0% of the stock. Pennsylvania-based Peoples Financial Svcs Corporation has invested 0% in Alcoa Corp (NYSE:AA). Trust Asset Ltd Company reported 1,111 shares stake. Salem Invest Counselors holds 11 shares or 0% of its portfolio. Amg Funds Ltd reported 0.22% stake. Folger Nolan Fleming Douglas Capital Mgmt Inc holds 0.02% or 10,900 shares in its portfolio. The Pennsylvania-based Vantage Investment has invested 0% in Alcoa Corp (NYSE:AA). Fifth Third Bankshares has 0% invested in Alcoa Corp (NYSE:AA) for 2,014 shares. Gemmer Asset Management Limited Liability Corp holds 42 shares or 0% of its portfolio. Cibc Ww Markets invested in 0.09% or 300,000 shares. 10,657 were accumulated by Covington Cap Mngmt. Carmignac Gestion reported 369,999 shares. Ftb Advsrs owns 3,600 shares for 0% of their portfolio.

Since May 26, 2017, it had 2 insider buys, and 0 insider sales for $471,689 activity. The insider AYERS CHRISTOPHER L bought $200,039.

Alcoa Corp (NYSE:AA) Ratings Coverage

Among 23 analysts covering Alcoa Inc. (NYSE:AA), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Alcoa Inc. has $60 highest and $2 lowest target. $26.81’s average target is -39.96% below currents $44.65 stock price. Alcoa Inc. had 62 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by Rosenblatt on Tuesday, April 26 with “Buy”. As per Thursday, June 30, the company rating was maintained by Morgan Stanley. On Thursday, October 13 the stock rating was maintained by Cowen & Co with “Market Perform”. Maxim Group maintained it with “Hold” rating and $46 target in Wednesday, January 25 report. The firm earned “Buy” rating on Tuesday, January 12 by Gabelli. Citigroup initiated Alcoa Corp (NYSE:AA) rating on Monday, November 7. Citigroup has “Buy” rating and $30 target. The firm has “Buy” rating by Deutsche Bank given on Tuesday, September 12. The stock of Alcoa Corp (NYSE:AA) has “Outperform” rating given on Friday, March 11 by Credit Suisse. The rating was maintained by BMO Capital Markets on Monday, July 3 with “Buy”. The company was upgraded on Friday, January 8 by Macquarie Research.

The stock decreased 0.31% or $0.14 on September 15, reaching $44.65. About 5.44M shares traded or 38.07% up from the average. Alcoa Corp (NYSE:AA) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors wait Alcoa Corp (NYSE:AA) to report on October, 18 after the close. its quarterly earnings This translates into $130.87 million profit for AA giving the stock a 15.72 P/E. This is assuming the current $0.71 EPS is accurate. Alcoa Corp’s Wall Street analysts see 14.52 % EPS growth, taking into account the $0.62 EPS reproted in the previous quarter,

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The company has market cap of $8.23 billion. The Firm 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. It has a 53.97 P/E ratio. The Company’s divisions include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products.

More important recent Alcoa Corp (NYSE:AA) news were published by: Bizjournals.com which released: “7 things to know about Alcoa’s HQ move back to Pittsburgh” on August 31, 2017, also Seekingalpha.com published article titled: “Alcoa Corporation (AA) Presents at Morgan Stanley 5th Annual Laguna Conference …”, Nasdaq.com published: “Commit To Purchase Alcoa Corporation At $28, Earn 7.7% Using Options” on September 14, 2017. More interesting news about Alcoa Corp (NYSE:AA) was released by: Investorplace.com and their article: “Trade of the Day: Alcoa Corp (AA) Stock Aims Higher” with publication date: August 28, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.