NYSE:AA - Alcoa Stock Price, Forecast & News

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

Alcoa declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 17th 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Alcoa Corp (NYSE:AA) released its quarterly earnings results on Wednesday, January, 15th. The industrial products company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate 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 return on equity of 2.71% and a negative net margin of 10.78%. The company's revenue for the quarter was down 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. 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 analysts have issued twelve-month price objectives 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 twelve months. This suggests a possible upside of 47.5% 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 negative this week, InfoTrie reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Alcoa earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Alcoa.

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

Some companies that are related to Alcoa include Allegion (ALLE), Tenaris (TS), Melrose Industries (MRO), Mitsubishi Heavy Industries (MHVYF), Avery Dennison (AVY), Halma (HLMAF), Crown (CCK), CAE (CAE), TORAY INDUSTRIE/ADR (TRYIY), Fortune Brands Home & Security (FBHS), Nordson (NDSN), Graco (GGG), Packaging Corp Of America (PKG), Cimic Group (CIM) and AB SKF (SKFRY).

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 many different of retail and institutional investors. Top institutional investors include Capital World Investors (6.71%), Renaissance Technologies LLC (5.24%), State Street Corp (2.05%), Alliancebernstein L.P. (1.69%), Geode Capital Management LLC (1.15%) and Charles Schwab Investment Management Inc. (0.82%). 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 $16.10.

Alcoa has a market capitalization of $2.99 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]