20 NOVEMBER 2014tickerreport.com
Alcoa target of unusually high options trading (AA)
Edited by : AL CIRCLE
2 min read
Alcoa was the recipient of unusually large options trading on Tuesday. Investors acquired 30,462 call options on the stock, AnalystRatings.NET reports. This represents an increase of 142% compared to the average volume of 12,590 call options.
A number of analysts have recently weighed in on AA shares. Analysts at BMO Capital Markets initiated coverage on shares of Alcoa in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. They now have a $20.00 price target on the stock, up previously from $16.00. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Alcoa in a research note on Friday, October 17th. They now have a $13.00 price target on the stock, up previously from $11.00. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.75.
Alcoa traded up 1.96% on Tuesday, hitting $17.16. The stock had a trading volume of 14,718,536 shares. Alcoa has a 1-year low of $8.95 and a 1-year high of $17.36. The stock has a 50-day moving average of $16.00 and a 200-day moving average of $15.53. The company’s market cap is $20.229 billion.
Alcoa last announced its earnings results on Wednesday, October 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Alcoa will post $0.83 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on AA shares. Analysts at BMO Capital Markets initiated coverage on shares of Alcoa in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. They now have a $20.00 price target on the stock, up previously from $16.00. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Alcoa in a research note on Friday, October 17th. They now have a $13.00 price target on the stock, up previously from $11.00. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.75.
Alcoa traded up 1.96% on Tuesday, hitting $17.16. The stock had a trading volume of 14,718,536 shares. Alcoa has a 1-year low of $8.95 and a 1-year high of $17.36. The stock has a 50-day moving average of $16.00 and a 200-day moving average of $15.53. The company’s market cap is $20.229 billion.
Alcoa last announced its earnings results on Wednesday, October 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Alcoa will post $0.83 earnings per share for the current fiscal year.
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