Zacks Investment Research announced Alcoa Inc (NYSE:AA), upping its stock price target to $11.00 today
- Updated: October 4, 2016
Boasting a price of $10.15, Alcoa Inc (NYSE:AA) traded 0.79% higher on the day. With the last stock price up 2.74% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Alcoa Inc has recorded a 50-day average of $9.97 and a two hundred day average of $9.93. Trade Volume was up over the average, with 26,389,116 shares of AA changing hands over the typical 16,537,700
In a statement issued on 10/04/2016 Zacks Investment Research bumped up the target of Alcoa Inc (NYSE:AA) to $11.00 indicating a possible upside of 0.08%.
With a total market value of $0, Alcoa Inc has with a 52 week low of $6.14 and a 52 week high of $11.50 .
Also covering Alcoa Inc's stock price target, a total of 14 brokers have released a ratings update on AA. The consensus target price is $10.89 with three equity analysts rating the company a strong buy, six brokerages rating the company a buy, 8 firms rating the stock a hold, 0 brokers rating the company a underperform, and lastly one analyst rating the company a sell.
More 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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