Alcoa Corporation with ticker code (AA) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between $90.00 and $55. calculating the mean target price we have $71.36. With the stocks previous close at $73.30 this now indicates there is a potential downside of -2.6%. The 50 day moving average now sits at $63.06 and the 200 day moving average is $48.21. The market capitalisation for the company is $14,434m. Company Website: https://www.alcoa.com
The potential market cap would be $14,052m based on the market concensus.
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through three segments: Bauxite, Alumina, and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting, casting, and rolling businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum sheets to customers that produce beverage and food cans. In addition, it owns hydro power plants that produce and sell electricity to the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.
