NYSE:AA Alcoa (AA) Stock Forecast, Price & News $34.94 +2.24 (+6.85%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$33.94▼$35.3950-Day Range$31.72▼$42.5652-Week Range$31.14▼$65.90Volume8.05 million shsAverage Volume3.72 million shsMarket Capitalization$6.23 billionP/E RatioN/ADividend Yield1.14%Price Target$48.78 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Alcoa MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside39.6% Upside$48.78 Price TargetShort InterestHealthy4.61% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-4.60Upright™ Environmental ScoreNews Sentiment0.39Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth626.58%From $0.79 to $5.74 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.75 out of 5 starsIndustrial Products Sector13th out of 175 stocksPrimary Aluminum Industry1st out of 2 stocks 4.2 Analyst's Opinion Consensus RatingAlcoa has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.78, Alcoa has a forecasted upside of 39.6% from its current price of $34.94.Amount of Analyst CoverageAlcoa has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.61% of the float of Alcoa has been sold short.Short Interest Ratio / Days to CoverAlcoa has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Alcoa has recently increased by 39.93%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldAlcoa pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlcoa does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Alcoa will have a dividend payout ratio of 6.97% next year. This indicates that Alcoa will be able to sustain or increase its dividend. Previous Next 0.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAlcoa has received a -71.88% net impact score from Upright. The largest negative impact of Alcoa in category "GHG emissions" seems to be driven mostly by its "Aluminium", "Aluminium sheet", and "Aluminium cast" products. See details.Environmental SustainabilityThe Environmental Impact score for Alcoa is -4.60. Previous Next 1.9 News and Social Media Coverage News SentimentAlcoa has a news sentiment score of 0.39. 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 lower news sentiment than the 0.63 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Alcoa this week, compared to 8 articles on an average week.Search InterestOnly 100 people have searched for AA on MarketBeat in the last 30 days. This is a decrease of -49% compared to the previous 30 days.MarketBeat Follows11 people have added Alcoa to their MarketBeat watchlist in the last 30 days. This is an increase of 10% compared to the previous 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, Alcoa insiders have not sold or bought any company stock. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Alcoa are expected to grow by 626.58% in the coming year, from $0.79 to $5.74 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Alcoa is -7.53, 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. SectorThe P/E ratio of Alcoa is -7.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioAlcoa has a PEG Ratio of 3.98. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAlcoa has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Alcoa (NYSE:AA) StockAlcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company' global bauxite mining operations. The Alumina segment includes the company's worldwide refining system, which processes bauxite into alumina. The Aluminum segment combines smelting and casting operations to produce primary aluminum. The smelting operations produce molten primary aluminum, which is then formed by the casting operations into either foundry ingot or into value-add ingot products, including billet, rod, and slab. The company was founded by Charles Martin Hall on July 9, 1886 and is headquartered in Pittsburgh, PA.Read More 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. Email Address AA Stock News HeadlinesJune 1, 2023 | americanbankingnews.comAlcoa (NYSE:AA) Shares Down 4.1% May 30, 2023 | benzinga.comCheck Out What Whales Are Doing With AlcoaJune 4, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 27, 2023 | americanbankingnews.comAlcoa (NYSE:AA) Sets New 1-Year Low at $33.51May 27, 2023 | msn.comValor Prep soccer earns first state title the hard way, with no home field, airport interrupting practiceMay 26, 2023 | thestreet.comWhy Alcoa (AA) Stock Is Down TodayMay 25, 2023 | finance.yahoo.comAlcoa announces Aluminium Stewardship Initiative certification for Portland Aluminium Joint VentureMay 25, 2023 | americanbankingnews.comAlcoa Co. (NYSE:AA) Receives Consensus Recommendation of "Hold" from BrokeragesJune 4, 2023 | Chaikin Analytics (Ad)Wall Street Legend Who Called AMZN Crash Issues New Sell AlertNow, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.May 23, 2023 | msn.comTSSAA track and field state championships schedule, results for 2023May 20, 2023 | americanbankingnews.comAlcoa (NYSE:AA) Now Covered by Analysts at StockNews.comMay 18, 2023 | markets.businessinsider.comAlcoa : United Steelworkers Members Ratify Labor AgreementMay 18, 2023 | seekingalpha.comUnion approves labor deal for Alcoa smelters in Indiana, New YorkMay 18, 2023 | finance.yahoo.comLabor Agreement for Alcoa’s U.S. aluminum smelters in Indiana and New York ratified by members of United SteelworkersMay 17, 2023 | bizjournals.comAlcoa CEO: Bright future for aluminum but 'ho-hum' economic conditions for the momentMay 17, 2023 | seekingalpha.comAlcoa Corporation (AA) BofA Securities Global Metals, Mining & Steel ConferenceMay 17, 2023 | seekingalpha.comAlcoa Corporation (AA) BofA Securities Global Metals, Mining & Steel Conference (Transcript)May 16, 2023 | msn.comAlcoa and Emirates Global Aluminum sign major, long-term alumina supply agreementMay 15, 2023 | thestreet.comAlcoa (AA) Stock Climbs as Bonds Rally on Debt PlansMay 15, 2023 | finance.yahoo.comAlcoa and Emirates Global Aluminium sign major, long-term alumina supply agreementMay 15, 2023 | finance.yahoo.comAlcoa Inks Eight-Year Supply Deal With Emirates Global AluminiumMay 15, 2023 | finance.yahoo.comAlcoa signs 8-year alumina supply deal with Emirates Global AluminiumMay 13, 2023 | americanbankingnews.comAlcoa Co. (NYSE:AA) Forecasted to Earn FY2024 Earnings of $2.82 Per ShareMay 12, 2023 | au.investing.comAlcoa upgraded to Outperform on expected LME aluminum price recoveryMay 12, 2023 | msn.comAlcoa upgraded at Credit Suisse as aluminum prices should recoverMay 12, 2023 | msn.comCredit Suisse Upgrades Alcoa (AA)May 12, 2023 | americanbankingnews.comAlcoa (NYSE:AA) Stock Rating Upgraded by Credit Suisse GroupSee More Headlines AA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AA Company Calendar Ex-Dividend for 3/23 Dividend3/06/2023Dividend Payable3/23/2023Last Earnings4/19/2023Ex-Dividend for 6/2 Dividend5/15/2023Dividend Payable6/02/2023Today6/04/2023Next Earnings (Estimated)7/19/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Primary aluminum Sub-IndustryAluminum SectorIndustrial Products Current SymbolNYSE:AA CUSIP01381710 CIK1675149 Webwww.alcoa.com Phone(412) 315-2900FaxN/AEmployees13,100Year Founded1888Price Target and Rating Average Stock Price Forecast$48.78 High Stock Price Forecast$65.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside+39.6%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($4.64) Trailing P/E RatioN/A Forward P/E Ratio44.23 P/E Growth3.98Net Income$-123,000,000.00 Net Margins-6.78% Pretax Margin-2.04% Return on Equity4.02% Return on Assets1.82% Debt Debt-to-Equity Ratio0.29 Current Ratio1.78 Quick Ratio0.92 Sales & Book Value Annual Sales$12.45 billion Price / Sales0.50 Cash Flow$9.10 per share Price / Cash Flow3.84 Book Value$35.29 per share Price / Book0.99Miscellaneous Outstanding Shares178,400,000Free FloatN/AMarket Cap$6.23 billion OptionableOptionable Beta2.44 Social Links Key ExecutivesRoy C. HarveyPresident, Chief Executive Officer & DirectorWilliam F. OplingerChief Operating Officer & Executive Vice PresidentMolly S. BeermanChief Financial Officer & Executive Vice PresidentCatherine L. GarfinkelChief Compliance, Ethics & Privacy Officer, SVPTammi A. JonesChief Human Resources Officer & Executive VPKey CompetitorsSealed AirNYSE:SEERBC BearingsNYSE:RBCValmont IndustriesNYSE:VMISonoco ProductsNYSE:SONMSA SafetyNYSE:MSAView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 46,308 shares on 6/1/2023Ownership: 0.384%ProShare Advisors LLCSold 8,214 shares on 5/26/2023Ownership: 0.006%Toroso Investments LLCSold 31,908 shares on 5/23/2023Ownership: 0.003%Ameriprise Financial Inc.Bought 12,184 shares on 5/22/2023Ownership: 0.204%Putnam Investments LLCSold 9,499 shares on 5/22/2023Ownership: 0.041%View All Insider TransactionsView All Institutional Transactions AA Stock - Frequently Asked Questions Should I buy or sell Alcoa stock right now? 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. What is Alcoa's stock price forecast for 2023? 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. How have AA shares performed in 2023? 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. Are investors shorting Alcoa? 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. When is Alcoa's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023. View our AA earnings forecast. How were Alcoa's earnings last quarter? 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. How often does Alcoa pay dividends? What is the dividend yield for Alcoa? 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. 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 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). 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 1.22%. Read our dividend analysis for AA. How will Alcoa's stock buyback program work? 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. 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). What is Alcoa's stock symbol? Alcoa trades on the New York Stock Exchange (NYSE) under the ticker symbol "AA." Who are Alcoa's major shareholders? 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. 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. What is Alcoa's stock price today? One share of AA stock can currently be purchased for approximately $34.94. How much money does Alcoa make? 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. How many employees does Alcoa have? The company employs 13,100 workers across the globe. 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 How can I contact Alcoa? 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. This page (NYSE:AA) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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