Alcoa - AA Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last twelve months. There are currently 7 hold ratings and 5 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.
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12 brokers have issued 12-month price objectives for Alcoa's shares. Their AA share price forecasts range from $35.00 to $105.00. On average, they predict the company's stock price to reach $69.42 in the next twelve months. This suggests a possible upside of 37.8% from the stock's current price.
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Alcoa's stock was trading at $59.58 at the beginning of 2022. Since then, AA stock has decreased by 15.4% and is now trading at $50.39.
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Alcoa saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 10,560,000 shares, an increase of 22.1% from the October 31st total of 8,650,000 shares. Based on an average daily volume of 7,740,000 shares, the short-interest ratio is currently 1.4 days. Approximately 6.0% of the shares of the company are short sold.
View Alcoa's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our AA earnings forecast.

Alcoa Co. (NYSE:AA) issued its earnings results on Wednesday, October, 19th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.42. The industrial products company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.97 billion. Alcoa had a positive trailing twelve-month return on equity of 22.27% and a negative net margin of 0.91%. The business's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 earnings per share.

Alcoa announced a quarterly dividend on Wednesday, October 19th. Stockholders 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 dividend yield of 0.79%. 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 0.79%.
Read our dividend analysis for AA.

Alcoa declared that its board has approved a stock buyback program on Thursday, October 14th 2021, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are generally 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.66%), Vanguard Group Inc. (10.08%), State Street Corp (4.11%), Bank of New York Mellon Corp (3.45%), Renaissance Technologies LLC (2.36%) and Fisher Asset Management LLC (2.25%). 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 $50.39.

Alcoa (NYSE:AA) has a market capitalization of $8.92 billion and generates $12.15 billion in revenue each year. The industrial products company earns $429 million in net income (profit) each year or ($0.84) 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.