Despite Rising Prices And Good Management Execution, Alcoa Can't Get Any Love [Seeking Alpha]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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US:NYSE Investor Relations:
investors.alcoa.com
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Source: Seeking Alpha
SummaryAlcoa posted its ninth straight quarterly EBITDA beat, but the market continues to shrug off signs of Alcoa-specific performance improvements and improving spot prices.Prices may be getting support from financial buyers, an admittedly unpredictable/volatile factor, but demand is also improving in packaging and auto end-markets.Management asset sale targets look achievable, but management will need to strike a balance between balance sheet improvement and long-term earnings power.I really don't like the idea of owning an aluminum company for an extended period of time, but I'm seeing more overlooked upside here, with potential into the high teens.It’s fair to wonder what moreAAI last wroteManagement continues to improve the house, but the neighborhood remains one that investors don’t want to visit (let alone invest in), despite improving prices, shortages in areas like beverage cans, and improving trends in other end-markets like autos. I absolutely do not look at Alcoa has a lo
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AA
News
- What's Hurting The Aluminum Market Should Be Good For Alcoa [Seeking Alpha]Seeking Alpha
- Industrial leader Dag J. Opedal elected to be the new Chair of HydrogenPro ASA [Yahoo! Finance]Yahoo! Finance
- Alcoa raised at Morgan Stanley on cost saving measures [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $36.50 price target on the stock, up previously from $28.50.MarketBeat
- Alcoa Co. (NYSE: AA) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website