Cowen disclosed Alcoa (NYSE:AA), boosting its price target to $30.00 earlier today
- Updated: October 12, 2016
Stating a potential upside of 0.11%, Cowen upped the price target of Alcoa (NYSE:AA) to $30.00
On 10/12/2016, Deutsche Bank released a statement on Alcoa (NYSE:AA) dropped the target price from $36.00 to $33.00 that suggested an upside of 0.18%.
Having a price of $27.11, Alcoa (NYSE:AA) traded -2.87% lower on the day. With the last close down -9.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Alcoa has recorded a 50-day average of $29.71 and a two hundred day average of $29.83. Volume of trade was up over the average, with 19,131,265 shares of AA changing hands over the typical 6,339,110
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 analysts have released a report on Alcoa. Three analysts rating the company a strong buy, six analysts rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $10.89.
More 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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