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Alcoa Corporation (AA) Hits a 52-Week High

Alcoa Corp has an average rating of "Buy" and an average target price of $43.44. They gave a "neutral" recommendation and a $42.00 PT on the shares. around three Brokerage firms have recommended the share with a hold recommendation, sixteen have issued a buy recommendation and 1 has given a strong buy recommendation to the firms shares. Deutsche Bank AG reissued a "hold" rating and issued a $44.00 price target on shares of Alcoa Corp.in a research report on Wednesday, August 9th. Citigroup Inc. restated a "buy" rating and issued a $45.00 target price on shares of Alcoa Corp in a report on Saturday, July 22nd.

On September 12 the company was upgraded to "Buy" from "Sell" with a current price target of $60.00 in an announcement from Deutsche Bank. The stock has a average recommendation of "Buy" and a consensus price objective of $40.07.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. Company shares are trading at $46.20 a bit higher than $44.87, the 50 day moving average and a tad above the 200 day moving average of $44.87. Shares saw a steep decrease in trading volume of 98.87% under the normal average daily volume. Alcoa Corp. The company has a market capitalization of $8.53 billion and a PE ratio of 52.62. Company's 50 day SMA price is $44.87 and its 200 SMA price is $44.87. Alcoa Corp had a net margin of 1.63% and a return on equity of 3.29%. The value of the investment in AA went from $1,081,000 to $3,491,000 a change of $2,410,000 since the last quarter. The industrial products company reported $0.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.60 by $0.02. Alcoa Corp. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.88 billion. For the same quarter from the prior fiscal year, company earned $0.15 Earnings Per Share. on consensus, financial stock experts expect that Alcoa to post $2.92 EPS for the present financial year. Alcoa Corp.'s revenue was up 23.1% compared to the same quarter a year ago.

TRADEMARK VIOLATION WARNING: "Alcoa Corp".

A few notable investment firms have updated their holdings. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US & global trademark & copyright legislation. The original version of this article can be accessed at https://weekherald.com/2017/09/21/alcoa-corp-s-aa-overweight-rating-reaffirmed-at-morgan-stanley.html.

A number of other hedge funds have also added to or reduced their stakes in AA. Vanguard Group Inc. lifted its holdings in shares of Alcoa Corp.by 14.5% in the 2nd quarter. Van ECK Associates Corp now owns 5,566 shares of the industrial products company's stock worth $191,000 after purchasing an additional 1,654 shares in the last quarter. Public Employees Retirement System of OH lifted its stake in Alcoa Corp by 26.7% during the 2nd quarter. 1,488,680 shares of the company's stock traded hands. LLC now owns 5,803 shares of the industrial products company's stock worth $189,000 after buying an additional 3,993 shares during the last quarter. Cibc World Markets Inc. now owns 140,777 shares worth $4,596,000. California State Teachers Retirement System lifted its stake in Alcoa Corp by 13.7% during the 2nd quarter. BlackRock Inc. now owns 7,779,093 shares of the industrial products company's stock valued at $253,986,000 after acquiring an additional 958,494 shares during the last quarter.

The share price of Alcoa Inc. Pacer Advisors Inc. now owns 4,140 shares of the industrial products company's stock worth $142,000 after buying an additional 132 shares during the last quarter.

Aluminum Corporation of China Limited is an aluminum producer with activities in bauxite and coal mining, alumina refining and primary aluminum smelting.



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