Citigroup raised the price target for the Alcoa Corporation (NYSE:AA) stock from “a Neutral” to “a Buy”. The rating was released on July 16, 2021. We previously noted in another research note published on April 23, 2021 by JP Morgan that resumed the stock to an Overweight with a price target of $39 for AA stock. The research report from Morgan Stanley has upgraded the stock from Equal-Weight to Overweight, with a price target set at $43. The stock was upgraded by Deutsche Bank, who disclosed in a research note on March 17, 2021, from Hold to Buy and set the price objective to $36. In their research brief published March 03, 2021, Goldman analysts upgraded the Alcoa Corporation stock from Sell to Buy with a price target of $32.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Alcoa Corporation (NYSE:AA) raised 4.19% to close Friday’s market session at $49.50, higher as compared to yesterday’s close. The stock price fluctuated between $48.25 and $50.345 throughout the trading session with the volume trading being 10300628 shares, which represented a significant variation when compared to the three months average volume of 7.92 million shares. The firm’s stock price fluctuated 5.52% within the last five trades and 10.84% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 57.09% in the last 6 months and 32.42% was added to its value over the previous 3 months. AA stock is trading at a margin of 13.72%, 23.55% and 54.79% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, AA deals in the Basic Materials domain. The stock is trading 2.29 percent below its 52-week high and 350.82 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 255.06. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Alcoa Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 9.40 percent and the profit margin is 4.10 percent, and the company has reported a gross margin of 19.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.88 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Alcoa Corporation (NYSE:AA) is 21.84. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 10.05. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.85 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.46, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.60 percent of Alcoa Corporation shares are owned by insiders, and 79.10 percent are held by financial institutions. Heeter Jeffrey D., the EVP & Gen. Counsel at Alcoa Corporation (AA) has sold 23,089 shares of firm on Jun 01 at a price of $40.53 against the total amount of $0.94 million. In another inside trade, Kahrs Benjamin D, EVP & Chief Innovation Officer of Alcoa Corporation (NYSE:AA) sold 28,082 shares of the firm on May 07 for a total worth of $1.11 million at a price of $39.68. An inside trade which took place on May 07, EVP & CHRO of Alcoa Corporation Jones Tammi A sold 4,435 shares of firm against total price of $0.18 million at the cost of $41.18 per share.