NYSE:AA - Alcoa Stock Price, Forecast & News

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

Alcoa announced that its Board of Directors has initiated a share buyback program on Wednesday, October 17th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Alcoa Corp (NYSE:AA) issued its earnings results on Wednesday, October, 16th. The industrial products company reported ($0.44) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.35) by $0.09. The industrial products company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.58 billion. Alcoa had a negative return on equity of 0.03% and a negative net margin of 6.87%. The business's quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. View Alcoa's Earnings History.

Alcoa is scheduled to release their next quarterly earnings announcement on Wednesday, January 15th 2020. View Earnings Estimates for Alcoa.

14 brokerages have issued 1 year target prices for Alcoa's shares. Their forecasts range from $21.00 to $42.00. On average, they expect Alcoa's share price to reach $27.00 in the next year. This suggests a possible upside of 27.0% from the stock's current price. View Analyst Price Targets for Alcoa.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Alcoa.

Media coverage about AA stock has trended somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alcoa earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Alcoa.

Alcoa saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 7,160,000 shares, a drop of 28.1% from the October 31st total of 9,960,000 shares. Based on an average trading volume of 4,020,000 shares, the short-interest ratio is currently 1.8 days. Approximately 3.9% of the company's stock are sold short. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include Zebra Technologies (ZBRA), Rolls-Royce (RR), Xylem (XYL), BRAMBLES LTD/S (BXBLY), Amcor Limited ADS (AMCRY), Mitsubishi Heavy Industries (MHVYF), Tenaris (TS), James Hardie Industries (JHX), IDEX (IEX), Allegion (ALLE), Melrose Industries (MRO), TORAY INDUSTRIE/ADR (TRYIY), Cimic Group (CIM), Avery Dennison (AVY) and Packaging Corp Of America (PKG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Alcoa investors own include Verizon Communications (VZ), HCA Healthcare (HCA), Pandora Media (P), Bank of America (BAC), Ryder System (R), Ford Motor (F), Micron Technology (MU), General Electric (GE), Alibaba Group (BABA) and NVIDIA (NVDA).

Alcoa's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (1.78%), Millennium Management LLC (0.34%), Robeco Institutional Asset Management B.V. (0.32%), Squarepoint Ops LLC (0.19%), California Public Employees Retirement System (0.19%) and Commerzbank Aktiengesellschaft FI (0.18%). Company insiders that own Alcoa stock include Arthur Brown, Tomas Mar Sigurdsson and William F Oplinger. View Institutional Ownership Trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, State Street Corp, SG Americas Securities LLC, Great West Life Assurance Co. Can, Commerzbank Aktiengesellschaft FI, Lesa Sroufe & Co, Sumitomo Mitsui Trust Holdings Inc. and Nikko Asset Management Americas Inc.. View Insider Buying and Selling for Alcoa.

AA stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Millennium Management LLC, Nomura Holdings Inc., Alpine Group USVI LLC, Alpine Group USVI LLC, Nisa Investment Advisors LLC, Pacer Advisors Inc. and Prime Capital Investment Advisors LLC. View Insider Buying and Selling for Alcoa.

Shares of AA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AA stock can currently be purchased for approximately $21.26.

Alcoa has a market capitalization of $3.95 billion and generates $13.40 billion in revenue each year. The industrial products company earns $227 million in net income (profit) each year or $3.58 on an earnings per share basis. Alcoa employs 14,000 workers across the globe.View Additional Information About Alcoa.

The official website for Alcoa is http://www.alcoa.com/.

Alcoa's mailing address is 201 ISABELLA STREET SUITE 500, PITTSBURGH PA, 15212. The industrial products company can be reached via phone at 412-315-2900 or via email at [email protected]