Alcoa (AA) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AA, but not buy additional shares or sell existing shares.
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11 Wall Street analysts have issued 1-year target prices for Alcoa's shares. Their AA share price forecasts range from $25.00 to $52.00. On average, they anticipate the company's share price to reach $37.82 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price.
View analysts price targets for AA or view top-rated stocks among Wall Street analysts.

Alcoa's stock was trading at $45.47 at the beginning of the year. Since then, AA stock has decreased by 38.7% and is now trading at $27.87.
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Alcoa saw a increase in short interest in August. As of August 31st, there was short interest totaling 12,000,000 shares, an increase of 24.0% from the August 15th total of 9,680,000 shares. Based on an average trading volume of 5,620,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 6.8% of the shares of the company are short sold.
View Alcoa's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our AA earnings forecast.

Alcoa Co. (NYSE:AA) issued its earnings results on Wednesday, July, 19th. The industrial products company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.24. The industrial products company earned $2.68 billion during the quarter, compared to analyst estimates of $2.68 billion. Alcoa had a negative net margin of 13.37% and a negative trailing twelve-month return on equity of 4.36%. The business's quarterly revenue was down 26.3% on a year-over-year basis. During the same quarter last year, the business posted $2.67 EPS.

Alcoa announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Tuesday, August 8th will be paid a dividend of $0.10 per share on Thursday, August 24th. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, August 7th.
Read our dividend analysis for AA.

ETFs with the largest weight of Alcoa (NYSE:AA) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metals & Mining Bull 2X Shares (MNM), BNY Mellon Women's Opportunities ETF (BKWO), Optica Rare Earths & Critical Materials ETF (CRIT), iShares U.S. Basic Materials ETF (IYM), First Trust Materials AlphaDEX Fund (FXZ), Global X U.S. Infrastructure Development ETF (PAVE) and iShares MSCI Global Metals & Mining Producers ETF (PICK).

Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.41%.
Read our dividend analysis for AA.

Alcoa declared that its board has approved a stock repurchase program on Thursday, October 14th 2021, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alcoa investors own include Bank of America (BAC), General Electric (GE), Micron Technology (MU), Ford Motor (F), Intel (INTC), Advanced Micro Devices (AMD), Alibaba Group (BABA), Citigroup (C), NVIDIA (NVDA) and AT&T (T).

Alcoa trades on the New York Stock Exchange (NYSE) under the ticker symbol "AA."

Alcoa's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (14.58%), BlackRock Inc. (11.91%), State Street Corp (4.59%), Bank of New York Mellon Corp (4.22%), Dimensional Fund Advisors LP (1.95%) and Franklin Resources Inc. (1.86%). Insiders that own company stock include Benjamin D Kahrs, Harden Sonya Elam, James E Nevels, Jeffrey D Heeter, John D Slaven, Molly S Beerman, Roy Christopher Harvey, Tammi A Jones, Timothy D Reyes and William F Oplinger.
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Shares of AA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AA stock can currently be purchased for approximately $27.87.

Alcoa (NYSE:AA) has a market capitalization of $4.97 billion and generates $10.87 billion in revenue each year. The industrial products company earns $-123,000,000.00 in net income (profit) each year or ($8.16) on an earnings per share basis.

The company employs 13,100 workers across the globe.

Alcoa's mailing address is 201 ISABELLA STREET SUITE 500, PITTSBURGH PA, 15212. The official website for the company is www.alcoa.com. The industrial products company can be reached via phone at (412) 315-2900 or via email at james.dwyer@alcoa.com.