Should I buy or sell Alcoa stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last twelve months. There are currently 2 sell ratings, 7 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. View AA analyst ratings or view top-rated stocks .

What is Alcoa's stock price target for 2024?

12 Wall Street analysts have issued 1 year target prices for Alcoa's stock. Their AA share price targets range from $25.00 to $50.00. On average, they expect the company's share price to reach $31.59 in the next year. This suggests a possible upside of 13.9% from the stock's current price. View analysts price targets for AA or view top-rated stocks among Wall Street analysts .

How have AA shares performed in 2023?

Alcoa's stock was trading at $45.47 on January 1st, 2023. Since then, AA stock has decreased by 39.0% and is now trading at $27.74. View the best growth stocks for 2023 here .

Are investors shorting Alcoa?

Alcoa saw a decrease in short interest in November. As of November 15th, there was short interest totaling 11,820,000 shares, a decrease of 10.9% from the October 31st total of 13,270,000 shares. Based on an average daily trading volume, of 5,730,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 6.7% of the company's stock are short sold. View Alcoa's Short Interest .

When is Alcoa's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 17th 2024. View our AA earnings forecast .

How were Alcoa's earnings last quarter?

Alcoa Co. (NYSE:AA) announced its quarterly earnings data on Wednesday, October, 18th. The industrial products company reported ($1.14) earnings per share for the quarter, missing analysts' consensus estimates of ($1.13) by $0.01. The industrial products company earned $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. Alcoa had a negative trailing twelve-month return on equity of 6.73% and a negative net margin of 8.24%. The business's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the company earned ($0.33) earnings per share.

How often does Alcoa pay dividends? What is the dividend yield for Alcoa?

Alcoa announced a quarterly dividend on Wednesday, October 18th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.10 per share on Friday, November 17th. This represents a $0.40 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, October 30th. Read our dividend analysis for AA .

Is Alcoa a good dividend stock?

Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.44%. Read our dividend analysis for AA .

What ETFs hold Alcoa's stock?

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) .

What other stocks do shareholders of Alcoa own?

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) .

Who are Alcoa's major shareholders?

Alcoa's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (3.33%), Bank of New York Mellon Corp (2.75%), Invesco Ltd. (1.80%), PointState Capital LP (1.19%), JPMorgan Chase & Co. (0.88%) and Assenagon Asset Management S.A. (0.76%). 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 . View institutional ownership trends .

How do I buy shares of Alcoa?

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. Compare Top Brokerages Here .

Does Alcoa have any subsidiaries?

The following companies are subsidiares of Alcoa: Alcan, Alcoa Alumínio S.A., Alcoa Australian Holdings Pty Ltd, Alcoa Nederland Holding B.V., Alcoa USA Corp, Alcoa USA Holding Company, Alcoa of Australia Limited, Alumax, Aluminerie Lauralco S.À.R.L., Baco Consumer Products, Cordant, Firth Rixson, Howmet Corp., MCG Closures, Noyes Fiber Systems, Orkla, RTI International Metals Inc., Southern Plastics, TITAL, and Traco. Read More

Alcoa Stock Price, News & Analysis (NYSE:AA)

$27.74

+0.88 (+3.28%)

(As of 12/1/2023 ET)

Compare

Today's Range: $26.51
▼
$28.02
50-Day Range: $23.41
▼
$29.07
52-Week Range: $23.07
▼
$57.61

Volume: 5.46 million shs
Average Volume: 3.91 million shs
Market Capitalization: $4.95 billion

P/E Ratio: N/A
Dividend Yield: 1.44%
Price Target: $31.59

Alcoa MarketRank™ Stock Analysis

Analyst Rating: Hold
2.08 Rating Score
Upside/Downside: 13.9% Upside
$31.59 Price Target
Short Interest: Healthy
6.69% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -4.29
Upright™ Environmental Score
News Sentiment: 0.68
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.38) to $0.73 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Industrial Products Sector

79th out of 170 stocks

Primary Aluminum Industry

1st out of 2 stocks

3.0

Analyst's Opinion

Consensus Rating
Alcoa has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 3 buy ratings, 7 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.59, Alcoa has a forecasted upside of 13.9% from its current price of $27.74.
Amount of Analyst Coverage
Alcoa has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
6.69% of the float of Alcoa has been sold short.
Short Interest Ratio / Days to Cover
Alcoa has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alcoa has recently decreased by 10.93%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Alcoa pays a meaningful dividend of 1.44%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Alcoa does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Alcoa will have a dividend payout ratio of 54.79% next year. This indicates that Alcoa will be able to sustain or increase its dividend.

0.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Alcoa has received a -76.30% net impact score from Upright. The largest negative impact of Alcoa in category "GHG emissions" seems to be driven mostly by its "Aluminium", "Aluminium smelting services", and "Aluminium cast" products. See details.
Environmental Sustainability
The Environmental Impact score for Alcoa is -4.29.

2.6

News and Social Media Coverage

News Sentiment
Alcoa has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Alcoa this week, compared to 7 articles on an average week.
Search Interest
90 people have searched for AA on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Alcoa to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alcoa insiders have not sold or bought any company stock.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Alcoa are expected to grow in the coming year, from ($2.38) to $0.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alcoa is -5.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alcoa is -5.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Alcoa has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Alcoa Stock (NYSE:AA)

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through three segments: Bauxite, Alumina, and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.

AA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AA Stock News Headlines

December 2, 2023 | msn.com

Will East Nashville football ever beat Alcoa? Coach identifies two factors after another title game loss

December 2, 2023 | sports.yahoo.com

TSSAA football championships scores: Tennessee high school football scoreboard

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.

December 1, 2023 | msn.com

Alcoa beats East Nashville for third straight year in TSSAA football championship game

December 1, 2023 | msn.com

TSSAA football playoffs scores: Alcoa vs. East Nashville live updates in Class 3A title game

November 30, 2023 | finance.yahoo.com

Alcoa (AA) Outperforms Broader Market: What You Need to Know

November 25, 2023 | msn.com

TSSAA football playoffs scores: Tennessee high school football semifinals scoreboard

November 18, 2023 | msn.com

CPA football coach thinks Crews Law is best in DII-AA. Law showed why in TSSAA semifinal win

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

November 16, 2023 | msn.com

Alcoa Starbucks workers join nationwide ‘Red Cup Rebellion’ strike

November 16, 2023 | seekingalpha.com

Alcoa Corporation (AA) Goldman Sachs Metals & Mining Conference Call Transcript

November 15, 2023 | msn.com

Environmental agencies planning to sue Alcoa for polluting Ohio River

November 14, 2023 | msn.com

Environmental groups accuse Alcoa of dumping illegal amounts of mercury into Ohio River

November 14, 2023 | finance.yahoo.com

Don't Let the Alcoa Stock Rally Fool You

November 14, 2023 | msn.com

Chemical spill at Alcoa's Pinjarra refinery sees two people taken to hospital

November 11, 2023 | benzinga.com

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Alcoa Corporation (NYSE: AA) and Encourages Investors to Contact the Firm

November 8, 2023 | finance.yahoo.com

Alcoa’s President and Chief Executive Officer, William Oplinger to participate in Goldman Sachs Metals and Mining Conference

November 6, 2023 | msn.com

Vote for the Grissom Heat and Air Knoxville area girls athlete of the week for Oct. 29 to Nov. 4

November 6, 2023 | seekingalpha.com

Howmet Aerospace Stock Surges: Can It Go Higher?

November 3, 2023 | msn.com

TSSAA football playoffs scores: Tennessee high school football first round scoreboard

October 26, 2023 | msn.com

'Blazer was a good kid' | Alcoa High School honors life of 15-year-old Kingston player during football game

October 23, 2023 | msn.com

B of A Securities Downgrades Alcoa (AA)

October 23, 2023 | msn.com

Alcoa cut at BofA as lower-grade bauxite could persist to 2027

October 23, 2023 | seekingalpha.com

Alcoa Has A Very Bright Future, But Not Without Risks

October 22, 2023 | finance.yahoo.com

Alcoa (NYSE:AA) Has Announced A Dividend Of $0.10

October 19, 2023 | markets.businessinsider.com

BMO Capital Maintains Market Perform Rating for Alcoa: Here's What You Need To Know

October 19, 2023 | markets.businessinsider.com

Alcoa's Lower Quality Bauxite Impact Extended To 2027: Analyst Hints At Closure Of Kwinana Refinery

See More Headlines

Receive AA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Alcoa and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 10/18/2023
Ex-Dividend for 11/17 Dividend: 10/30/2023
Dividend Payable: 11/17/2023
Today: 12/03/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/17/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Primary aluminum
Sub-Industry: Aluminum
Sector: Industrial Products
Current Symbol: NYSE:AA
CUSIP: 01381710
CIK: 1675149
Web: www.alcoa.com
Phone: (412) 315-2900
Fax: N/A
Employees: 13,100
Year Founded: 1888

Price Target and Rating

Average Stock Price Target: $31.59
High Stock Price Target: $50.00
Low Stock Price Target: $25.00
Potential Upside/Downside: +13.9%
Consensus Rating: Hold
Rating Score (0-4): 2.08
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.93)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-123,000,000.00
Net Margins: -8.24%
Pretax Margin: -7.03%
Return on Equity: -6.73%
Return on Assets: -2.99%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 1.66
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $12.45 billion
Price / Sales: 0.40
Cash Flow: $8.51 per share
Price / Cash Flow: 3.26
Book Value: $34.13 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 178,470,000
Free Float: N/A
Market Cap: $4.95 billion
Optionable: Optionable
Beta: 2.40

Social Links

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. William F. Oplinger (Age 56)
President, CEO & Director
Comp: $1.21M
Mr. Roy C. Harvey (Age 48)
Strategic Advisor
Comp: $2.36M
Ms. Molly S. Beerman (Age 59)
Executive VP & CFO
Ms. Renee Henry (Age 51)
Senior VP, Controller & Principal Accounting Officer
Mr. James Dwyer
Vice President of Investor Relations
Mr. Andrew Hastings
Executive VP & General Counsel
Ms. Tammi A. Jones (Age 43)
Executive VP & Chief Human Resources Officer
Mr. Renato Bacchi (Age 46)
Executive VP & Chief Commercial Officer
Ms. Heather Hudak
Senior Vice President of Tax
Ms. Nicol Gagstetter
Executive VP & Chief External Affairs Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AA Stock Analysis - Frequently Asked Questions

Should I buy or sell Alcoa stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last twelve months. There are currently 2 sell ratings, 7 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.
View AA analyst ratings or view top-rated stocks.
What is Alcoa's stock price target for 2024?: 12 Wall Street analysts have issued 1 year target prices for Alcoa's stock. Their AA share price targets range from $25.00 to $50.00. On average, they expect the company's share price to reach $31.59 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
View analysts price targets for AA or view top-rated stocks among Wall Street analysts.
How have AA shares performed in 2023?: Alcoa's stock was trading at $45.47 on January 1st, 2023. Since then, AA stock has decreased by 39.0% and is now trading at $27.74.
View the best growth stocks for 2023 here.
Are investors shorting Alcoa?: Alcoa saw a decrease in short interest in November. As of November 15th, there was short interest totaling 11,820,000 shares, a decrease of 10.9% from the October 31st total of 13,270,000 shares. Based on an average daily trading volume, of 5,730,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 6.7% of the company's stock are short sold.
View Alcoa's Short Interest.
When is Alcoa's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 17th 2024.
View our AA earnings forecast.
How were Alcoa's earnings last quarter?: Alcoa Co. (NYSE:AA) announced its quarterly earnings data on Wednesday, October, 18th. The industrial products company reported ($1.14) earnings per share for the quarter, missing analysts' consensus estimates of ($1.13) by $0.01. The industrial products company earned $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. Alcoa had a negative trailing twelve-month return on equity of 6.73% and a negative net margin of 8.24%. The business's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the company earned ($0.33) earnings per share.
How often does Alcoa pay dividends? What is the dividend yield for Alcoa?: Alcoa announced a quarterly dividend on Wednesday, October 18th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.10 per share on Friday, November 17th. This represents a $0.40 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, October 30th.
Read our dividend analysis for AA.

Is Alcoa a good dividend stock?: Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.44%.
Read our dividend analysis for AA.
What ETFs hold Alcoa's stock?: 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).
What other stocks do shareholders of Alcoa own?: 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).
Who are Alcoa's major shareholders?: Alcoa's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (3.33%), Bank of New York Mellon Corp (2.75%), Invesco Ltd. (1.80%), PointState Capital LP (1.19%), JPMorgan Chase & Co. (0.88%) and Assenagon Asset Management S.A. (0.76%). 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.
View institutional ownership trends.
How do I buy shares of Alcoa?: 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.
Compare Top Brokerages Here.
Does Alcoa have any subsidiaries?: The following companies are subsidiares of Alcoa: Alcan, Alcoa Alumínio S.A., Alcoa Australian Holdings Pty Ltd, Alcoa Nederland Holding B.V., Alcoa USA Corp, Alcoa USA Holding Company, Alcoa of Australia Limited, Alumax, Aluminerie Lauralco S.À.R.L., Baco Consumer Products, Cordant, Firth Rixson, Howmet Corp., MCG Closures, Noyes Fiber Systems, Orkla, RTI International Metals Inc., Southern Plastics, TITAL, and Traco.
Read More

This page (NYSE:AA) was last updated on 12/3/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial