A statement released earlier today by Stifel about Alcoa (NYSE:AA) bumps the target price to $39.00
- Updated: October 6, 2016
Boasting a price of $31.78, Alcoa (NYSE:AA) traded 1.86% higher on the day. With the last stock price close up 6.60% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Alcoa has recorded a 50-day average of $29.91 and a two hundred day average of $29.81. Volume of trade was up over the average, with 10,026,484 shares of AA changing hands over the typical 5,992,190
Stifel bumped up the target of Alcoa (NYSE:AA) to $39.00 stating a potential upside of 0.23%.
On 10/4/2016, Zacks Investment Research released a statement for Alcoa (NYSE:AA) bumped up the target price from $0.00 to $11.00 that suggested an upside of 0.08%.
With a total market value of $0, Alcoa has with a one year low of $18.42 and a one year high of $34.50 .
A total of 14 equity analysts have released a ratings update on AA. Three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, eight equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $10.89.
Brief Synopsis About Alcoa (NYSE:AA)
Alcoa Inc. is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications. It is also engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in various aspects of the industry, including technology, mining, refining, smelting, fabricating and recycling. It has operations in approximately 30 countries. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland and Saudi Arabia, among others. It also refines alumina from bauxite ore.
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