Alcoa Inc Receives a Buy from Morgan Stanley

By Jason Carr

Morgan Stanley analyst Piyush Sood maintained a Buy rating on Alcoa Inc (NYSE: AA) today and set a price target of $60. The company’s shares closed yesterday at $51.90.

According to, Sood is a 1-star analyst with an average return of -13.2% and a 50.0% success rate. Sood covers the Basic Materials sector, focusing on stocks such as AK Steel Holding, Freeport-McMoRan, and Constellium.

Currently, the analyst consensus on Alcoa Inc is Moderate Buy and the average price target is $69.33, representing a 33.6% upside.

In a report issued on April 9, Citigroup also maintained a Buy rating on the stock with a $57 price target.

The company has a one-year high of $62.35 and a one-year low of $29.55. Currently, Alcoa Inc has an average volume of 4.19M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2018, William Oplinger, the EVP & CFO of AA sold 229,475 shares for a total of $12,127,754.

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Alcoa Corp. engages in the production of bauxite, alumina and aluminum. The Bauxite business represents the company’ global bauxite mining operations. It is basic raw material input for its alumina refining process. This business contains various aluminum hydroxide minerals, the most important of which are gibbsite and boehmite.