B.Riley FBR analyst Lucas Pipes reiterated a Buy rating on Alcoa Corp (AA) on March 18 and set a price target of $41. The company’s shares opened today at $28.54, close to its 52-week low of $25.01.
According to TipRanks.com, Pipes is a 2-star analyst with an average return of 0.5% and a 47.8% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, CONSOL Coal Resources LP, and Teck Resources Limited.
Currently, the analyst consensus on Alcoa Corp is a Strong Buy with an average price target of $42.33, representing a 48.3% upside. In a report released yesterday, Vertical Research also reiterated a Buy rating on the stock.
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Alcoa Corp’s market cap is currently $5.32B and has a P/E ratio of 23.89. The company has a Price to Book ratio of 0.99.
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Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina.
