Alcoa (AA) Nearing New High Levels With The Bank Of New York Mellon (BK), New Jersey Resources (NJR), Symetra Financial (SYA)

Fitch Ratings informed Friday that it has downgraded the ratings for Alcoa Inc. (AA) comprising its Issuer Default Rating and senior unsecured debt to ‘BB+’ from ‘BBB-‘. The Rating Outlook is Stable. Fitch mentioned the downgrade reflects its view that financial leverage will stay above 2.5x on a total debt/EBITDA level and above 3.5x on an FFO adjusted level through 2014. Alcoa, Inc. (NYSE:AA), Aluminum, is currently trading at $14.64, which gained 1.10%. The stock is trading 0.41% below its 50 days high and 18.92% above its 50 days low. Company’s forward price to earnings ratio is 21.85x with-223.10% EPS growth and -6.50% Sales growth quarter over quarter. AA’s year to date performance is 38.37%. Investment experts consider it a ‘Hold’ stock.

Bank of New York Mellon Corp., or BNY Mellon (BK) Tuesday declared that the Asia-Pacific exchange-traded funds or ETF assets under management would boost as much as 50 percent to reach $250 billion by 2016, from its today’s base of nearly $165 billion. Currently, Hong Kong and China together account for nearly 35 percent of total ETF assets under management or AUM in the region, with Japan accounting for roughly 45 percent. The Bank of New York Mellon Corporation (NYSE:BK), Asset Management, is currently trading at $35.91, which surged 0.84%. The stock is trading 0.73% below its 50 days high and 10.52% above its 50 days low. At the closing bell, shares in The Bank of New York Mellon Corporation recorded a trading volume of 5358300. Its total outstanding shares are 1140.37 million with the market capitalization of $40950.69 million. BK showed 1.50% weekly performance. Trade experts think of it as ‘Hold’ stock.

New Jersey Resources (NJR) Wednesday posted second-quarter net income of $172.9 million or $4.07 per share contrasted with $45.4 million or $1.08 per share last year. Excluding all unrealized and certain realized soars and losses associated with derivative instruments, net of applicable tax adjustments, net financial earnings for the quarter burgeoned to $151.9 million or $3.61 per basic share from $68.6 million or $1.64 per basic share in the year-ago period. New Jersey Resources Corp. (NYSE:NJR), Gas Utilities, is currently trading at $56.04, which boosted 1.67%. The stock is trading 0.50% below its 50 days high and 18.40% above its 50 days low. Company’s forward price to earnings ratio is 18.50x with276.90% EPS growth and 64.40% Sales growth quarter over quarter. NJR’s year to date performance is 23.30%. Experts rate it a ‘Moderate Sell’ stock.

Symetra Financial Corporation (SYA) Thursday reported fourth-quarter profit of $64.4 million or $0.55 per share, up from $31.0 million or $0.22 per share in the same period last year. Adjusted earnings for the quarter were $50.0 million or $0.42 per share. On average, 10 analysts polled by Thomson Reuters probable the company to earn $0.39 per share for the quarter. Symetra Financial Corporation (NYSE:SYA), Life Insurance company, surged 0.74% in last regular trading to $23.01. The stock is priced with the difference of 20.32% 200-day simple moving average and 11.45% 50-day moving average. SYA has $2666.86 million market capitalization. The stock recorded a trading volume of 459100 shares as compared to its average volume of 418.69 million shares. SYA’s year to date performance is 22.59%. Investment experts consider it a ‘Moderate Sell’ stock.

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Andy Weld, CFA, is an editor and equity analyst for The Downtown Leader. If you have a great story idea for Andy Weld, you can write at [Andy.Weld@downtownleader.com ].

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