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BMO Capital Markets announced Alcoa Inc. (NYSE:AA), boosting its stock price target to $6.00 today

In a statement issued on Wednesday September 13, 2017 BMO Capital Markets upped the stock price target of Alcoa Inc. (NYSE:AA) from $4.00 to $6.00 stating a potential downside of -0.87%.

On Tuesday September 12, 2017, Deutsche Bank released a statement for Alcoa Inc. (NYSE:AA) bumped up the target price from $4.00 to $6.00 that suggested a downside of -0.87%.

Showing a price of $44.67, Alcoa Inc. (NYSE:AA) traded 3.21% higher on the day. The last stock close price is up 28.82% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the date range. Alcoa Inc. has recorded a 50-day average of $39.44 and a two hundred day average of $34.93. Trade Volume was up over the average, with 4,826,786 shares of AA changing hands over the typical 3,707,200

Recent Performance Chart

Alcoa Inc. (NYSE:AA)

Alcoa Inc. has PE ratio of 51.19 with a one year low of $20.00 and a one year high of $45.22 and has a market capitalization of $0.

A total of 14 analysts have released a research note on AA. 3 firms rating the stock a strong buy, six brokerages rating the company a buy, eight brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally one analyst rating the company a sell with a 12-month price target of $10.89.

More About Alcoa Inc. (NYSE:AA)

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. The Company's segments include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products. The Company's Bauxite segment represents its global portfolio of bauxite mining assets. The Company's Alumina segment represents its refining system across the world, and processes bauxite into alumina and sells it directly to internal and external smelter customers across the world. The Company's Aluminum segment represents its smelter system across the world. Its Energy segment represents its portfolio of energy assets, with power production capacity of approximately 1,685 megawatts.

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