Alcoa - AA Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 6 hold ratings and 2 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.
View AA analyst ratings or view top-rated stocks.

8 equities research analysts have issued 1-year target prices for Alcoa's shares. Their AA share price forecasts range from $42.00 to $65.00. On average, they expect the company's share price to reach $50.71 in the next twelve months. This suggests a possible upside of 23.0% from the stock's current price.
View analysts price targets for AA or view top-rated stocks among Wall Street analysts.

Alcoa's stock was trading at $45.47 on January 1st, 2023. Since then, AA stock has decreased by 9.3% and is now trading at $41.22.
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Alcoa saw a increase in short interest in February. As of February 28th, there was short interest totaling 7,620,000 shares, an increase of 7.0% from the February 13th total of 7,120,000 shares. Based on an average daily volume of 4,830,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 4.3% of the company's stock are short sold.
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) issued its quarterly earnings results on Wednesday, January, 18th. The industrial products company reported ($0.70) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.85) by $0.15. The industrial products company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Alcoa had a positive trailing twelve-month return on equity of 13.17% and a negative net margin of 0.82%. The business's quarterly revenue was down 20.3% compared to the same quarter last year. During the same period last year, the business posted $2.50 EPS.

Alcoa declared a quarterly dividend on Thursday, February 23rd. Investors of record on Tuesday, March 7th will be given a dividend of $0.10 per share on Thursday, March 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, March 6th.
Read our dividend analysis for AA.

ETFs with the largest weight of Alcoa (NYSE:AA) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metal Miners Bull 2X Shares (MNM), The Acquirers Fund (ZIG), Janus Henderson Net Zero Transition Resources ETF (JZRO), Optica Rare Earths & Critical Materials ETF (CRIT), IQ Engender Equality ETF (EQUL), First Trust Materials AlphaDEX Fund (FXZ) and iShares U.S. Basic Materials ETF (IYM).

Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.00%.
Read our dividend analysis for AA.

Alcoa declared that its Board of Directors has initiated a stock buyback program on Thursday, October 14th 2021, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is 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 number of institutional and retail investors. Top institutional shareholders include DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (2.59%), Franklin Resources Inc. (2.24%), Susquehanna International Group LLP (0.00%), Dimensional Fund Advisors LP (1.89%), Fisher Asset Management LLC (1.74%) and Morgan Stanley (1.64%). Insiders that own company stock include Benjamin D Kahrs, Harden Sonya Elam, 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.
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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 $41.22.

Alcoa (NYSE:AA) has a market capitalization of $7.35 billion and generates $12.45 billion in revenue each year. The industrial products company earns $-123,000,000.00 in net income (profit) each year or ($0.85) on an earnings per share basis.

The company employs 13,100 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.