Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, received mixed analyst ratings for the month of March 2022. According to the latest ratings report, published on Monday, Alcoa was reviewed by three major firms.
Deutsche Bank maintained its hold rating on Alcoa's stock. Meanwhile, Jefferies maintained its buy rating and JP Morgan upheld their overweight rating.
The varying ratings come after a period of volatility for the company's stocks over recent months due to concerns around rising inflation and supply chain disruptions affecting the broader manufacturing sector.
Despite these challenges, Alcoa has managed to maintain strong financials with revenue growth of 16% in Q4 2021 compared to the same period in 2020. The company also reported an operating income of $407 million during that time frame.
Investors will be keeping a close eye on how Alcoa progresses through these challenging times as it continues to navigate market uncertainties while maintaining its position as one of the world's leading producers of aluminum products.
In response to the latest analyst ratings report, shares of AA closed up slightly at $58.23 per share on Monday trading sessions.
Overall, analysts remain divided on their outlook for AA stock with a consensus hold rating among all firms covering it. However, with more than half assigned buy or overweight ratings individually; there is still optimism surrounding this iconic American industrial giant’s future prospects despite some headwinds impacting near-term earnings visibility.