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

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

Alcoa announced that its board has approved a stock buyback program on Wednesday, October 17th 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management 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 Thomson Reuters' consensus estimate of ($0.35) by $0.09. The industrial products company earned $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. Alcoa had a negative net margin of 6.87% and a negative return on equity of 0.03%. The firm's quarterly revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. 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 price targets for Alcoa's stock. Their forecasts range from $21.00 to $42.00. On average, they anticipate Alcoa's stock price to reach $27.27 in the next year. This suggests a possible upside of 30.6% 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 stories about AA stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alcoa earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Alcoa.

Alcoa saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 7,160,000 shares, a decrease of 28.1% from the September 30th total of 9,960,000 shares. Based on an average daily trading volume, of 4,020,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 3.9% of the company's stock are sold short. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include ASHTEAD GRP PLC/ADR (ASHTY), NortonLifeLock (NLOK), Rolls-Royce (RR), Xylem (XYL), Mitsubishi Heavy Industries (MHVYF), BRAMBLES LTD/S (BXBLY), Tenaris (TS), Zebra Technologies (ZBRA), James Hardie Industries (JHX), IDEX (IEX), TORAY INDUSTRIE/ADR (TRYIY), Avery Dennison (AVY), Allegion (ALLE), Cimic Group (CIM) and Melrose Industries (MRO).

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 institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.32%), California Public Employees Retirement System (0.19%), Commerzbank Aktiengesellschaft FI (0.18%), First Trust Advisors LP (0.11%), SG Americas Securities LLC (0.10%) and Rhumbline Advisers (0.08%). 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, SG Americas Securities LLC, Great West Life Assurance Co. Can, Commerzbank Aktiengesellschaft FI, Lesa Sroufe & Co, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc. and Wedge Capital Management L L P NC. View Insider Buying and Selling for Alcoa.

AA stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Alpine Group USVI LLC, Alpine Group USVI LLC, Nisa Investment Advisors LLC, Pacer Advisors Inc., Prime Capital Investment Advisors LLC, California Public Employees Retirement System and Sciencast Management LP. 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 $20.89.

Alcoa has a market capitalization of $3.88 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]