Alcoa Corporation (NYSE:AA) stock is presently standing at about $34.70 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $40.00, which suggests the stock could still rise over 13 percent. The highest analyst price target is $55.00, which implies a rally of 41 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate AA a strong buy. There are 0 equity research firms advocating a Hold and 0 consider it Sell.
Goldman analysts provided their view on Alcoa Corporation (NYSE:AA) recently. The rating firm issued a Buy rating to this company in a research note released on Mar 06, 2017. BofA/Merrill analysts disclosed their opinion on Alcoa Corporation (NYSE:AA) recently. The rating firm gave a Buy rating to this stock in a research note published on Feb 03, 2017. According to a research note disclosed on Feb 02, 2017, analysts at JP Morgan have upped their rating on these shares from Neutral to Overweight.
Alcoa Corporation (NYSE:AA) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Former 10% owner Arconic Inc. sold 23,353,000 company shares for 888114590, in a transaction on 2017-02-14. Following the transaction, the Former 10% owner is left with a stake of 12,958,767 shares, currently valued at $449669215. Meanwhile, EVP, Gen. Counsel & Secretary Heeter Jeffrey D. sold 3,748 shares worth $140620, through a transaction dated 2017-02-09. Following the completion of the transaction, the insider is left with a stake of 31,403 shares, amounting $1089684.1. AA Exec VP and Controller Collins Robert Sean also sold 40,447 shares, at a stock price of $29.55. This transaction occurred on 2016-11-14 totals $1195210. After this transaction, the insider’s stake stands at 28,618 shares, with a market value of $993045.
Executives hold 0.20 percent of the stock. Mr. William F. Oplinger is one of the biggest insider owners in Alcoa Corporation (NYSE:AA), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 102,111 shares which have current market value of around $3543251.7.Roy Christopher Harvey is another major inside shareholder in the company. The insider owns 79,600 shares as of less than 0.1%, currently worth $2762120. Mr. Mar Tomas Sigurdsson is ranked as third insider holder of the stock. This insider holds 59,059 shares with a market value around $2049347.3 as of recent close.
Alcoa Corporation (NYSE:AA) Earnings Outlook
In Alcoa Corporation (NYSE:AA)’s latest quarter, EPS moved to $N/A from $N/A in preceding quarter and revenues reached at $N/AM compared to $N/AM. Analysts had expected Alcoa Corporation (NYSE:AA) to post net income of about $N/A per share on $N/AM in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $N/A to $N/A. That is compared with the $N/A in EPS it reported during the same period a year ago.