In a report released yesterday, Curt Woodworth from Credit Suisse maintained a Buy rating on Alcoa Corp (NYSE: AA), with a price target of $65. The company’s shares closed yesterday at $42.01, close to its 52-week low of $40.03.
According to TipRanks.com, Woodworth is a 5-star analyst with an average return of 14.7% and a 60.1% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, Kaiser Aluminum Corp, and United States Steel.
Alcoa Corp has an analyst consensus of Strong Buy, with a price target consensus of $63.57.
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The company has a one-year high of $62.35 and a one-year low of $40.03. Currently, Alcoa Corp has an average volume of 3.57M.
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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.
