Why Has Citigroup Given AA Plc (LON:AA) a GBX 390.00 Price Target
Equity research analysts at Citigroup gave a key Buy rating for AA Plc (LON:AA). The firm have begun coverage in an analyst research report revealed to investors and clients on Tuesday, 15 December. The target PPS indicates upside of 42.80% from the last price.
From a total of 3 analysts covering AA Plc (LON:AA) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is GBX 450 while the lowest target price is GBX 350. The mean of all analyst targets is GBX 383.33 with a 40.36% above today’s (GBX 273.1) stock price. AA Plc was the topic of 9 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 14 with “Buy” rating. Morgan Stanley maintained AA stock in a recent report from September 15 with “Equal-Weight” rating.
Approximately 13,057 shares of stock traded hands. AA PLC (LON:AA) has declined 34.08% since May 18, 2015 and is downtrending. It has underperformed by 30.41% the S&P500.
Analysts await Alcoa Inc (NYSE:AA) to reports earnings on January, 11. They expect $0.09 EPS, down 72.73% or $0.24 from last year’s $0.33 per share. AA’s profit will be $116.07 million for 25.03 P/E if the $0.09 EPS becomes reality. After $0.07 actual EPS reported by Alcoa Inc for the previous quarter, Wall Street now forecasts 28.57% EPS growth.
The overall sentiment of institutions has increased to 1.26 in Q2 2015. Its up 0.19, from 1.07 in 2015Q2. The ratio is positive, as 84 institutions have sold all the shares of AA PLC that they owned while 166 funds have taken shares off the table. 72 funds have purchased shares for the first time while 244 added to their positions. These institutions now hold 871.42 million shares or 11.97% more than the 778.25 million shares they owned in 2015Q2.
The Fund Oak Hill Capital Management Llc currently is holding shares equating to 21.59% of its total portfolio in AA PLC representing a total of 26.09 million shares. Another fund,Baupost Group Llc Ma, is holding a total of 52.27 million shares equating to 8.41% of their holdings. Additionally, Washington State Investment Board has a 397,690 share stake in AA PLC which represents 6.09% of their total portfolio. The Fund, D.C. Capital Advisors Ltd, based out of New York, has also built up a stake in the stock, which represents a total of 5.34% of their total portfolio. Finally Icm Asset Management Inc Wa, a fund which is based in the state of Washington reported a total holdings of 279,986 shares.
Insider activity is a very important aspect to track on any stock. Going back to April 13, 2015, shareholders of AA PLC have witnessed 2 insider purchases, and a total of 0 selling transactions equating to a net activity of approximately $85,360 . Sorrell Martin bought 4,435 shares worth approximately $42,109. Tata Ratan bought 4,555 shares worth approximately $43,251. Harvey Roy Christopher bought 57 shares worth approximately $744.
AA plc is a United Kingdom-based firm that offers roadside assistance service. The company has a market cap of 1.66 billion GBP. The Company’s divisions include Roadside Assistance, Insurance Services, Driving Services, Ireland, Insurance Underwriting and Head Office costs. It currently has negative earnings. The Roadside Assistance segment sends patrols to members stranded at the side of the road and repairs their vehicles.
According to Zacks Investment Research, “Alcoa Inc. is the world’s leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa’s businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap foils and plastic wraps, Alcoa wheels, and Baco household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.”