Credit Suisse analyst Curt Woodworth maintained a Buy rating on Alcoa Inc (NYSE: AA) yesterday and set a price target of $71. The company’s shares closed yesterday at $47.93.
According to TipRanks.com, Woodworth is a 5-star analyst with an average return of 17.1% and a 64.3% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Warrior Met Coal Llc, United States Steel, and AK Steel Holding.
Alcoa Inc has an analyst consensus of Moderate Buy, with a price target consensus of $67.82.
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Based on Alcoa Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.12 billion and net profit of $150 million. In comparison, last year the company earned revenue of $2.67 billion and had a net profit of $225 million.
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Alcoa Corp. engages in the production of bauxite, alumina and aluminum. The Bauxite business represents the company’ global bauxite mining operations. It is basic raw material input for its alumina refining process. This business contains various aluminum hydroxide minerals, the most important of which are gibbsite and boehmite.
