Morgan Stanley analyst Carlos De Alba maintains $Alcoa (AA.US)$ with a buy rating, and adjusts the target price from $48 to $49.
According to TipRanks data, the analyst has a success rate of 56.6% and a total average return of 16.3% over the past year.
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Furthermore,accordingtothecomprehensivereport,theopinionsof$Alcoa (AA.US)$'s main analysts recently are as follows:
Upon updating estimates to reflect the most recent company guidance post-Q3 earnings and adjusting for 4Q24-1Q25 commodity price projections, there is anticipation of additional earnings potential at the prevailing spot prices.
Following Alcoa's Q3 report, there's recognition of the company's robust EBITDA improvement, which was primarily influenced by heightened alumina pricing, alongside raw material and energy costs. This was somewhat balanced out by a dip in aluminum pricing and currency effects. The company is also making headway on resolving issues at San Ciprian, leading to a positive outlook on the stock's potential catalysts.
Post Q3 earnings, which surpassed expectations, there's a positive outlook on the near-term projections for Alcoa due to a revision in alumina price estimates. The anticipation is for a continued uptrend in the company's Q4 results. Alcoa is considered to be in a favorable position to capitalize on the robust alumina pricing landscape.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
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