why Alcoa Corporation [AA] is a Good Choice for Investors After New Price Target of $59.66


Alcoa Corporation [NYSE: AA] price surged by 1.07 percent to reach at $0.66. The company report on December 29, 2021 that Alcoa Reaches Agreement on Future of San Ciprián Smelter.

Company to curtail aluminum smelter for two years with commitment to restart.

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Alcoa Corporation (NYSE: AA) and the workers’ representatives at the Company’s San Ciprián aluminum plant in Spain have reached an agreement aimed at resolving ongoing challenges that stem from exorbitant energy prices.

The one-year AA stock forecast points to a potential downside of -4.26. The average equity rating for AA stock is currently 1.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $59.66 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 1.80. 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 January 11, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on November 17, 2021, representing the official price target for Alcoa Corporation stock. Previously, the target price had yet another raise from $52 to $60, while Jefferies kept a Buy rating on AA stock. On October 05, 2021, analysts increased their price target for AA shares from 50 to 52.

The Average True Range (ATR) for Alcoa Corporation is set at 2.79, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 8.28. Price to Free Cash Flow for AA in the course of the last twelve months was 242.36 with Quick ratio for the last quarter at 0.90.

AA Stock Performance Analysis:

Alcoa Corporation [AA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.12. With this latest performance, AA shares gained by 27.46% in over the last four-week period, additionally plugging by 77.01% over the last 6 months – not to mention a rise of 148.01% 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 67.66, with the RSI for the last a single of trading hit 69.53, and the three-weeks RSI is set at 65.24 for Alcoa Corporation [AA]. The present Moving Average for the last 50 days of trading for this stock 51.79, while it was recorded at 60.62 for the last single week of trading, and 43.44 for the last 200 days.

Insight into Alcoa Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Alcoa Corporation [AA] shares currently have an operating margin of +5.68 and a Gross Margin at +8.16. Alcoa Corporation’s Net Margin is presently recorded at -1.81.

Return on Total Capital for AA is now 6.88, given the latest momentum, and Return on Invested Capital for the company is -2.87. Return on Equity for this stock declined to -4.58, with Return on Assets sitting at -1.15. When it comes to the capital structure of this company, Alcoa Corporation [AA] has a Total Debt to Total Equity ratio set at 78.74. Additionally, AA Total Debt to Total Capital is recorded at 44.05, with Total Debt to Total Assets ending up at 17.54. Long-Term Debt to Equity for the company is recorded at 76.86, with the Long-Term Debt to Total Capital now at 43.00.

Reflecting on the efficiency of the workforce at the company, Alcoa Corporation [AA] managed to generate an average of -$13,178 per employee. Receivables Turnover for the company is 15.41 with a Total Asset Turnover recorded at a value of 0.64.Alcoa Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.50.

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Alcoa Corporation [AA] Insider Position Details

There are presently around $8,664 million, or 77.40% of AA stock, in the hands of institutional investors. The top three institutional holders of AA stocks are: VANGUARD GROUP INC with ownership of 16,712,015, which is approximately 1.673% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 8,445,085 shares of the stock with an approximate value of $525.28 million in AA stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $408.15 million in AA stock with ownership of nearly -13.34% of the company’s market capitalization.

Positions in Alcoa Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 239 institutional holders increased their position in Alcoa Corporation [NYSE:AA] by around 29,590,692 shares. Additionally, 202 investors decreased positions by around 30,222,929 shares, while 77 investors held positions by with 79,485,493 shares. The mentioned changes placed institutional holdings at 139,299,114 shares, according to the latest SEC report filing. AA stock had 108 new institutional investments in for a total of 15,455,594 shares, while 58 institutional investors sold positions of 3,853,114 shares during the same period.