Alcoa (AA) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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.

10 Wall Street analysts have issued 12-month target prices for Alcoa's stock. Their AA share price forecasts range from $40.00 to $65.00. On average, they anticipate the company's share price to reach $48.78 in the next year. This suggests a possible upside of 39.6% 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 2023. Since then, AA shares have decreased by 23.2% and is now trading at $34.94.
View the best growth stocks for 2023 here.

Alcoa saw a increase in short interest in May. As of May 15th, there was short interest totaling 8,130,000 shares, an increase of 39.9% from the April 30th total of 5,810,000 shares. Based on an average daily volume of 4,780,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 4.6% of the shares of the stock are sold short.
View Alcoa's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our AA earnings forecast.

Alcoa Co. (NYSE:AA) issued its quarterly earnings data on Wednesday, April, 19th. The industrial products company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by $0.18. The industrial products company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.77 billion. Alcoa had a negative net margin of 6.78% and a positive trailing twelve-month return on equity of 4.02%. The business's revenue for the quarter was down 18.9% on a year-over-year basis. During the same period last year, the business earned $3.06 earnings per share.

Alcoa announced a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, May 16th will be given a dividend of $0.10 per share on Friday, June 2nd. This represents a $0.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, May 15th.
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 Metal Miners Bull 2X Shares (MNM), Janus Henderson Net Zero Transition Resources ETF (JZRO), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Optica Rare Earths & Critical Materials ETF (CRIT), First Trust Materials AlphaDEX Fund (FXZ), IQ Engender Equality ETF (EQUL) and iShares U.S. Basic Materials ETF (IYM).

Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.22%.
Read our dividend analysis for AA.

Alcoa declared that its board has approved a share repurchase program on Thursday, October 14th 2021, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.33%), Bank of New York Mellon Corp (5.77%), State Street Corp (4.64%), Franklin Resources Inc. (2.48%), Dimensional Fund Advisors LP (2.00%) and JPMorgan Chase & Co. (1.67%). 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.

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 $34.94.

Alcoa (NYSE:AA) has a market capitalization of $6.23 billion and generates $12.45 billion in revenue each year. The industrial products company earns $-123,000,000.00 in net income (profit) each year or ($4.64) 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.