Morgan Stanley (NYSE:MS) analyst Carlos De Alba maintained a Hold rating on Alcoa (NYSE:AA) Corp on Thursday, setting a price target of $14, which is approximately 20.27% above the present share price of $11.64.
De Alba expects Alcoa Corp to post earnings per share (EPS) of -$1.06 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Alcoa, with an average price target of $13.5.
The analysts price targets range from a high of $18 to a low of $11.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.15 billion and a net profit of $15 million. The company's market cap is $2.48 billion.
According to TipRanks.com, Morgan Stanley analyst Carlos De Alba is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.6% and a 57.58% success rate.
Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina (OTC:AWCMY), 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. The Aluminum segment combines smelting and casting operations produce primary aluminum. The smelting operations produce molten primary aluminum, which is then formed by the casting operations into either foundry ingot or into value add ingot products, including billet, rod, and slab. The company was founded by Charles Martin Hall on July 9, 1886 and is headquartered in Pittsburgh, PA.