RBC Capital disclosed Alcoa (NYSE:AA), lowering its target price to $31.00 earlier today
- Updated: October 11, 2016
RBC Capital bumped down the target of Alcoa (NYSE:AA) to $31.00 indicating a possible upside of 0.11%.
Just yesterday Alcoa (NYSE:AA) traded -11.42% lower at $27.91. Alcoa’s 50-day moving average is $29.93 and its 200-day moving average is $29.86. The last closing price is down -6.53% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 32,660,329 shares of AA traded hands, up from an average trading volume of 6,007,980
Recent Performance Chart
Alcoa has 52 week low of $18.42 and a 52 week high of $34.50 and has a market cap of $0.
In addition to RBC Capital reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $10.89 with 3 firms rating the stock a strong buy, 6 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
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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