NYSE:AAAlcoa Stock Price, Forecast & News

Alcoa's stock was trading at $9.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AA stock has increased by 46.6% and is now trading at $13.49. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Alcoa.

Alcoa is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020. View our earnings forecast for Alcoa.

Alcoa Corp (NYSE:AA) announced its quarterly earnings results on Wednesday, July, 15th. The industrial products company reported ($0.02) EPS for the quarter, topping the Zacks' consensus estimate of ($0.38) by $0.36. The industrial products company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.12 billion. Alcoa had a negative return on equity of 2.93% and a negative net margin of 8.38%. The firm's revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. View Alcoa's earnings history.

Alcoa announced that its board has initiated 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 purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Alcoa updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, July, 8th. The company provided earnings per share guidance of -0.08-0.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.54. The company issued revenue guidance of $2.1-2.175 billion, compared to the consensus revenue estimate of $2.09 billion.

13 analysts have issued 1-year price targets for Alcoa's shares. Their forecasts range from $8.00 to $25.00. On average, they anticipate Alcoa's share price to reach $15.47 in the next year. This suggests a possible upside of 14.7% from the stock's current price. View analysts' price targets for Alcoa.

Headlines about AA stock have been trending positive on Thursday, InfoTrie reports. The research firm rates the sentiment of media 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 -5 to 5, with scores nearest to five being the most favorable. Alcoa earned a daily sentiment score of 2.1 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news about Alcoa.

Alcoa saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 11,800,000 shares, an increase of 6.8% from the May 31st total of 11,050,000 shares. Based on an average trading volume of 9,930,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 6.4% of the company's shares are sold short. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include Allegion (ALLE), Packaging Corp Of America (PKG), AB SKF (SKFRY), Fortune Brands Home & Security (FBHS), DISCO CORP/ADR (DSCSY), James Hardie Industries (JHX), Crown (CCK), Graco (GGG), KION GRP AG/ADR (KIGRY), A. O. Smith (AOS), Mitsubishi Heavy Industries (MHVYF), Tenaris (TS), TORAY INDUSTRIE/ADR (TRYIY), AptarGroup (ATR) and DAI NIPPON PRTG/S (DNPLY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alcoa investors own include Bank of America (BAC), Ford Motor (F), Micron Technology (MU), General Electric (GE), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), AT&T (T), Arconic (ARNC) and NVIDIA (NVDA).

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

Alcoa's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.02%), Envestnet Asset Management Inc. (0.01%) and Harel Insurance Investments & Financial Services Ltd. (0.01%). View institutional ownership trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. View insider buying and selling activity for Alcoa.

AA stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Harel Insurance Investments & Financial Services Ltd.. View insider buying and selling activity 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 $13.49.

Alcoa has a market capitalization of $2.51 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 13,800 workers across the globe.

The official website for Alcoa is 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]