Basic Material Most Active Stocks: Alcoa Inc (NYSE:AA), Vale SA (NYSE:VALE), Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)

Posted by on Apr 18, 2014

Alcoa Inc (NYSE:AA), was upgraded by analysts at RBC Capital from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Newsreports. The firm currently has a $15.00 price target on the stock, up from their previous price target of $12.00. RBC Capital’s price target suggests a potential upside of 11.77% from the company’s current price. Alcoa Inc (NYSE:AA), shares after opening at $13.50 moved to $13.68 on last trade day and at the end of the day closed at $13.56. Company price to sales ratio in past twelve months was calculated as 0.65 and price to cash ratio as 21.98. Alcoa Inc (NYSE:AA), showed a positive weekly performance of 6.77%.

Vale SA (ADR) (NYSE:VALE), as the Brazilian stocks struggled to advance on Monday but remained close to recent highs, while the country’s currency strengthened, outpacing its regional peers. Vale SA (ADR) (NYSE:VALE), shares advanced 1.66% in last trading session and ended the day on $14.10. Vale SA (ADR) (NYSE:VALE), return on equity ratio is recorded as 7.10% and its return on assets is 3.40%. Vale SA (ADR) (NYSE:VALE), yearly performance is -6.62%.

Chesapeake Energy Corporation (NYSE:CHK), the second-largest U.S. gas producer, sold a record $3 billion bond offering in two parts to refinance debt, as the cost to protect its obligations against default approaches a six-year low. Chesapeake Energy Corporation (NYSE:CHK), shares moved up 2.47% in last trading session and was closed at $28.17, while trading in range of $ 27.34 – 28.37. Chesapeake Energy Corporation (NYSE:CHK), year to date (YTD) performance is 4.49%.

Stock analysts at Jefferies Group started coverage on shares of Exxon Mobil Corporation (NYSE:XOM), in a report issued on Tuesday,StockRatingsNetwork.com reports. The firm set a “hold” rating on the stock. Exxon Mobil Corporation (NYSE:XOM), weekly performance is 3.76%. On last trading day company shares ended up $100.42. Exxon Mobil Corporation (NYSE:XOM), distance from 50-day simple moving average (SMA50) is 5.69%. Analysts mean target Price for the company is $99.28.

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