A statement released earlier today by Stifel Nicolaus about Alcoa Inc. (NYSE:AA) bumps the target price to $39.00
- Updated: October 7, 2016
Reporting a potential upside of 0.24%, Stifel Nicolaus upped the price target of Alcoa Inc. (NYSE:AA) to $39.00
On Tuesday October 04, 2016, Zacks Investment Research released a statement for Alcoa Inc. (NYSE:AA) bumped up the target price from $0.00 to $11.00. At the time, this suggested an upside of 0.08%.
Yesterday Alcoa Inc. (NYSE:AA) traded 1.86% higher at $31.36. The company’s 50-day moving average is $29.91 and its 200-day moving average is $29.81. The last closing price is up 6.60% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 10,026,484 shares of AA changing hands over the typical 5,992,190
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Alcoa Inc. has a 52 week low of $18.42 and a 52 week high of $34.50 The company’s market cap is currently $0.
A total of 14 analysts have released a report on Alcoa Inc.. Three analysts rating the company a strong buy, six analysts rating the company a buy, 8 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell with a average stock price target of $10.89.
General Information About Alcoa Inc. (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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