Morgan Stanley analyst Piyush Sood maintained a Buy rating on Alcoa Corp (AA) today and set a price target of $35. The company’s shares closed yesterday at $28.02, close to its 52-week low of $25.01.
According to TipRanks.com, Sood has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.5% and a 20.8% success rate. Sood covers the Basic Materials sector, focusing on stocks such as Schnitzer Steel Industries, Cleveland-Cliffs Inc, and United States Steel.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alcoa Corp with a $42.20 average price target, a 50.6% upside from current levels. In a report issued on March 20, Vertical Research also reiterated a Buy rating on the stock.
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Alcoa Corp’s market cap is currently $5.18B and has a P/E ratio of 23.26. The company has a Price to Book ratio of 0.96.
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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.
