Alcoa Inc. (AA), currently valued at $10.54B, started the session at $9.33.
[at TheStreet] – Editor’s Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Trade-Ideas LLC identified Alcoa (AA) as a momo momentum candidate. In addition to specific proprietary factors, Trade-Ideas identified Alcoa as such a stock due to the following factors: ‘Momo Momentum’ stocks are valuable stocks to watch for a variety of reasons including historical back testing and price action.
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Looking at today’s trading action, the company’s one day range from $9.32 to $9.88 with a trailing 52-week range being $7.63 to $9.88.
Priced at 27.82x this year’s forecasted earnings, AA shares are relatively expensive compared to the industry’s 1.32x forward p/e ratio.
And for income investors, the company pays shareholders $0.12 per share annually in dividends, yielding 1.30%.
According to a consensus of 19 analysts, the earnings estimate of $0.06 per share would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $0.34 is a $0.10 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.41 Billion. If realized, that would be a 8.31% decrease over the year-ago quarter.
Recently, 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 $8.43, which is 9.65% 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) .
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