Alcoa - AA Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last twelve months. There are currently 8 hold ratings and 4 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.
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12 analysts have issued 1 year target prices for Alcoa's stock. Their AA share price forecasts range from $42.00 to $105.00. On average, they anticipate the company's stock price to reach $68.00 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
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Alcoa's stock was trading at $45.47 at the start of the year. Since then, AA shares have increased by 14.9% and is now trading at $52.24.
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Alcoa saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 6,910,000 shares, an increase of 13.1% from the December 31st total of 6,110,000 shares. Based on an average daily volume of 5,960,000 shares, the short-interest ratio is currently 1.2 days. Approximately 3.9% of the company's stock are sold short.
View Alcoa's Short Interest.

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

Alcoa Co. (NYSE:AA) announced its quarterly earnings results on Wednesday, January, 18th. The industrial products company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($0.85) by $0.15. The industrial products company earned $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Alcoa had a negative net margin of 0.82% and a positive trailing twelve-month return on equity of 13.18%. The business's revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.50 earnings per share.

Alcoa announced a quarterly dividend on Wednesday, October 19th. Investors of record on Tuesday, November 1st will be given a dividend of $0.10 per share on Friday, November 18th. This represents a $0.40 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, October 31st.
Read our dividend analysis for AA.

Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.76%.
Read our dividend analysis for AA.

Alcoa announced that its board has approved a share repurchase plan on Thursday, October 14th 2021, which permits the company to buyback $500,000,000.00 in 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 plans are typically an indication that the company's management believes its shares are 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 many different institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.26%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Douglas Lane & Associates LLC (0.20%), New York State Teachers Retirement System (0.09%), Yousif Capital Management LLC (0.05%) and Comerica Bank (0.05%). Insiders that own company stock include Benjamin D Kahrs, 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 $52.24.

Alcoa (NYSE:AA) has a market capitalization of $9.24 billion and generates $12.45 billion in revenue each year. The industrial products company earns $-102,000,000.00 in net income (profit) each year or ($0.85) on an earnings per share basis.

The company employs 12,200 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.