Alcoa Given “Neutral” Rating at Zacks (AA)

Tuesday, Apr 16, 2013
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Zacks reiterated their neutral rating on shares of Alcoa (NYSE: AA) in a research report sent to investors on Thursday morning, Analyst Ratings Network.com reports. The firm currently has a $8.75 price target on the stock.


A number of other analysts have also recently weighed in on AA. Analysts at Stifel Nicolaus cut their price target on shares of Alcoa from $13.00 to $12.00 in a research note to investors on Tuesday, April 9th. They now have a buy rating on the stock. Separately, analysts at RBC Capital reiterated an underperform rating on shares of Alcoa in a research note to investors on Tuesday, April 9th. They now have a $9.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Alcoa from $10.00 to $9.00 in a research note to investors on Tuesday, April 9th. They now have a neutral rating on the stock.


Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $9.18.


Shares of Alcoa (NYSE: AA) traded down 2.31% during mid-day trading on Thursday, hitting $8.03. Alcoa has a one year low of $7.97 and a one year high of $10.07. The stock’s 50-day moving average is currently $8.5. The company has a market cap of $8.587 billion and a P/E ratio of 36.70.

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