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 has approved a share repurchase plan on Wednesday, October 17th 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Alcoa Corp (NYSE:AA) posted its quarterly earnings results on Wednesday, January, 15th. The industrial products company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by $0.09. The industrial products company earned $2.44 billion during the quarter, compared to the consensus estimate of $2.49 billion. Alcoa had a negative net margin of 10.78% and a negative return on equity of 2.71%. Alcoa's revenue for the quarter was down 27.2% on a year-over-year basis. During the same period last year, the business earned $0.66 earnings per share. View Alcoa's Earnings History.

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

13 brokerages have issued twelve-month target prices for Alcoa's shares. Their forecasts range from $20.50 to $27.00. On average, they anticipate Alcoa's share price to reach $23.75 in the next year. This suggests a possible upside of 42.2% from the stock's current price. View Analyst Price Targets for Alcoa.

13 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Alcoa.

News articles about AA stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Alcoa earned a news impact score of 0.7 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Alcoa.

Alcoa saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 7,050,000 shares, a decrease of 9.6% from the January 15th total of 7,800,000 shares. Based on an average trading volume of 4,430,000 shares, the short-interest ratio is presently 1.6 days. Approximately 3.8% of the shares of the company are short sold. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include Melrose Industries (MRO), Avery Dennison (AVY), Halma (HLMAF), Crown (CCK), CAE (CAE), TORAY INDUSTRIE/ADR (TRYIY), Nordson (NDSN), Fortune Brands Home & Security (FBHS), Packaging Corp Of America (PKG), Graco (GGG), Cimic Group (CIM), AB SKF (SKFRY), DISCO CORP/ADR (DSCSY), Xerox (XRX) and Hubbell (HUBB).

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

Alcoa's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Capital World Investors (6.71%), Renaissance Technologies LLC (5.24%), State Street Corp (2.05%), Alliancebernstein L.P. (1.69%), Charles Schwab Investment Management Inc. (0.82%) and AQR Capital Management LLC (0.74%). View Institutional Ownership Trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Prudential Financial Inc., Schonfeld Strategic Advisors LLC, Commerzbank Aktiengesellschaft FI, Guggenheim Capital LLC, Westpac Banking Corp, Marshall Wace LLP and Man Group plc. View Insider Buying and Selling for Alcoa.

AA stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, MUFG Securities EMEA plc, Point72 Asset Management L.P., State Street Corp, Masters Capital Management LLC, Bronson Point Management LLC, SG Americas Securities LLC and Madison Asset Management 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 $16.70.

Alcoa has a market capitalization of $3.10 billion and generates $10.43 billion in revenue each year. The industrial products company earns $-1,125,000,000.00 in net income (profit) each year or ($0.99) 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]