Sunday, August 9, 2020

Market Analysts see Alcoa Corporation [AA] gaining to $10. Time to buy?

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Alcoa Corporation [NYSE: AA] plunged by $0.0 during the normal trading session on Thursday and reaching a high of $13.25 during the day while it closed the day at $13.18. The company report on July 22, 2020 that Alcoa to Supply Low-Carbon ECOLUM™ to Customer in Support of Supply Chain Sustainability.

Alcoa Corporation announced today that it has reached an agreement to supply ECOLUM™ rolling slabs to Gränges, a leading producer of rolled aluminum products for heat exchanger applications and other targeted markets.

ECOLUM™ is part of Alcoa’s SUSTANA™ line of low-carbon products that support supply chain sustainability. Gränges has a long-term target to reduce the intensity of carbon emissions across its entire supply chain.

Alcoa Corporation stock has also gained 3.70% of its value over the past 7 days. However, AA stock has inclined by 61.72% in the 3 months of the year. Over the past six months meanwhile, it has lost -7.77% and lost -38.73% year-on date.

The market cap for AA stock reached $2.44 billion, with 186.00 million shares outstanding and 185.07 million shares in the current float. Compared to the average trading volume of 8.77M shares, AA reached a trading volume of 6615255 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Alcoa Corporation [AA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AA shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AA stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Alcoa Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 16, 2020. While these analysts kept the previous recommendation, B. Riley FBR raised their target price from $21 to $7. The new note on the price target was released on March 24, 2020, representing the official price target for Alcoa Corporation stock. Previously, the target price had yet another drop from $20 to $15, while BofA/Merrill kept a Neutral rating on AA stock. On January 17, 2020, analysts decreased their price target for AA shares from 21.50 to 20.50.

The Average True Range (ATR) for Alcoa Corporation is set at 0.71, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 4.47. Price to Free Cash Flow for AA in the course of the last twelve months was 7.96 with Quick ratio for the last quarter at 0.80.

AA stock trade performance evaluation

Alcoa Corporation [AA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.70. With this latest performance, AA shares gained by 17.26% in over the last four-week period, additionally sinking by -7.77% over the last 6 months – not to mention a drop of -41.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AA stock in for the last two-week period is set at 60.41, with the RSI for the last a single of trading hit 60.83, and the three-weeks RSI is set at 59.48 for Alcoa Corporation [AA]. The present Moving Average for the last 50 days of trading for this stock 11.43, while it was recorded at 13.05 for the last single week of trading, and 14.03 for the last 200 days.

Alcoa Corporation [AA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Alcoa Corporation [AA] shares currently have an operating margin of +8.53 and a Gross Margin at +11.45. Alcoa Corporation’s Net Margin is presently recorded at -10.72.

Return on Total Capital for AA is now 10.50, given the latest momentum, and Return on Invested Capital for the company is -17.04. Return on Equity for this stock declined to -23.68, with Return on Assets sitting at -7.36. When it comes to the capital structure of this company, Alcoa Corporation [AA] has a Total Debt to Total Equity ratio set at 47.69. Additionally, AA Total Debt to Total Capital is recorded at 32.29, with Total Debt to Total Assets ending up at 13.40. Long-Term Debt to Equity for the company is recorded at 46.18, with the Long-Term Debt to Total Capital now at 31.27.

Reflecting on the efficiency of the workforce at the company, Alcoa Corporation [AA] managed to generate an average of -$81,522 per employee. Receivables Turnover for the company is 12.62 with a Total Asset Turnover recorded at a value of 0.69.Alcoa Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.50.

Earnings per share (EPS) analysis for Alcoa Corporation [AA] stock

With the latest financial reports released by the company, Alcoa Corporation posted -0.44/share EPS, while the average EPS was predicted by analysts to be reported at -0.33/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AA.

Alcoa Corporation [AA]: Insider Ownership positions

There are presently around $1,861 million, or 78.20% of AA stock, in the hands of institutional investors. The top three institutional holders of AA stocks are: VANGUARD GROUP INC with ownership of 17,278,127, which is approximately 3.478% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 10,475,717 shares of the stock with an approximate value of $138.07 million in AA stocks shares; and ORBIS ALLAN GRAY LTD, currently with $136.29 million in AA stock with ownership of nearly 30.198% of the company’s market capitalization.

Positions in Alcoa Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 161 institutional holders increased their position in Alcoa Corporation [NYSE:AA] by around 30,929,412 shares. Additionally, 147 investors decreased positions by around 50,910,852 shares, while 77 investors held positions by with 59,365,588 shares. The mentioned changes placed institutional holdings at 141,205,852 shares, according to the latest SEC report filing. AA stock had 60 new institutional investments in for a total of 6,937,978 shares, while 64 institutional investors sold positions of 9,710,263 shares during the same period.

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