RBC Capital reiterated their underperform rating on shares of Alcoa (NYSE: AA) in a research note released on Wednesday morning, AnalystRatings.Net reports. They currently have a $9.00 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Alcoa from $9.00 to $8.50 in a research note to investors on Wednesday. They now have a hold rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Alcoa in a research note to investors on Wednesday. They now have a $8.25 price target on the stock. Finally, analysts at BMO Capital Markets reiterated an underperform rating on shares of Alcoa in a research note to investors on Tuesday. They now have a $7.00 price target on the stock, down previously from $8.00.
Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Alcoa presently has a consensus rating of Hold and a consensus price target of $8.75.
Alcoa (NYSE: AA) traded up 0.12% on Wednesday, hitting $8.11. Alcoa has a 1-year low of $7.63 and a 1-year high of $9.93. The stock’s 50-day moving average is currently $8.13. The company has a market cap of $8.674 billion and a price-to-earnings ratio of 68.07.
Alcoa Inc (NYSE: AA) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in technology, mining, refining, smelting, fabricating, and recycling.