The Analyst Verdict: Alcoa In The Eyes Of 8 Experts
Portfolio Pulse from Benzinga Insights
Alcoa Corp (NYSE:AA) has received mixed analyst ratings over the past three months, with a total of 5 indifferent, 2 somewhat bearish, and 1 bearish rating. The average 12-month price target among analysts is $28.44, with a high of $36.00 and a low of $25.00, reflecting a 2.5% decrease in the average target. Analysts from BMO Capital, UBS, B of A Securities, B. Riley Securities, Morgan Stanley, and HSBC have made various adjustments to their ratings and price targets for Alcoa. The company's financial performance shows a decline in revenue growth, below-average net margin, ROE, and ROA, but a balanced debt-to-equity ratio. Alcoa is a major player in the aluminum industry, with its revenue and profitability closely tied to commodity prices.
January 18, 2024 | 3:00 pm
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NEUTRAL IMPACT
Alcoa Corp has received mixed ratings from analysts, with a negative shift in the average price target. Financial indicators show a decline in revenue and profitability metrics, but the company maintains a balanced debt approach.
The mixed analyst ratings and the slight decrease in the average price target suggest uncertainty, which could lead to a neutral short-term impact on Alcoa's stock price. The financial challenges indicated by the negative revenue trend and below-average profitability metrics could be concerning to investors, but the balanced debt-to-equity ratio may provide some reassurance. The overall impact is likely to be neutral as the market digests both the positive and negative aspects of the analyst reports and financial insights.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100