[at TheStreet] – In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Alcoa, Inc. has taken over the #314 spot from Fluor Corp.
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Alcoa Inc. (AA), valued at $12.69B, started the session at $11.78.
Looking at today’s market, AA one day range is $11.71 to $11.89 and has traded between $7.63 and $12.32 over the past 12 months.
Alcoa (AA) shares are currently priced at 36.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.65x earnings multiple for the same period.
And for income investors, the company pays shareholders $0.12 per share annually in dividends, yielding 1.00%.
In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.04 per share, which would be $0.07 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $0.32, which would be a $0.01 better than last year.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.57 Billion. If reported, that would be a 4.46% decrease over the year-ago quarter.
In terms of ratings, Deutsche Bank downgraded AA from Hold to Sell (Oct 2, 2013). Previously, Dahlman Rose downgraded AA from Buy to Hold.
When considering if the stock is under or overvalued, the average price target is $9.30, which is 21.05% below where the stock opened this morning.
Alcoa Inc (NYSE:AA), engages in the production and management of primary aluminum, fabricated aluminum and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products and Engineered Products and Solutions.
Tag Helper ~ Stock Code: AA | Common Company name: Alcoa | Full Company name: Alcoa Inc (NYSE:AA) .