NYSE:AA - Alcoa Stock Price, Forecast & News

Alcoa's stock was trading at $9.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AA shares have decreased by 34.0% and is now trading at $6.07. View which stocks have been mosted impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 9 hold ratings and 4 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, April 15th 2020. View our earnings forecast for Alcoa.

Alcoa Corp (NYSE:AA) announced its earnings results on Wednesday, January, 15th. The industrial products company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by $0.09. The industrial products company had revenue of $2.44 billion for 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 2.81%. The business'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 company posted $0.66 earnings per share. View Alcoa's earnings history.

Alcoa declared that its Board of Directors has initiated a stock 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 buy 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 stock is undervalued.

13 analysts have issued 12 month price targets for Alcoa's stock. Their forecasts range from $7.00 to $27.00. On average, they anticipate Alcoa's share price to reach $19.10 in the next twelve months. This suggests a possible upside of 214.7% from the stock's current price. View analysts' price targets for Alcoa.

Media headlines about AA stock have been trending somewhat negative on Monday, InfoTrie reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alcoa earned a daily sentiment score of -1.6 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term. View the latest news aboutAlcoa.

Alcoa saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 9,978,500 shares, a decline of 9.5% from the February 27th total of 11,020,000 shares. Based on an average trading volume of 5,980,000 shares, the short-interest ratio is presently 1.7 days. Approximately 5.4% of the shares of the company are short sold. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include Ingersoll-Rand (IR), Donaldson (DCI), KION GRP AG/ADR (KIGRY), HITACHI CONSTR/ADR (HTCMY), HD Supply (HDS), Berry Global Group (BERY), Smiths Group (SMIN), Norsk Hydro ASA (NHYDY), Sonoco Products (SON), Berkeley Group (BKG), Axon Enterprise (AAXN), Lincoln Electric (LECO), NINE DRAGONS PA/ADR (NDGPY), IHI CORP/ADR (IHICY) and Sealed Air (SEE).

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

Alcoa's stock is owned by a number 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%), 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 activity 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, Norges Bank, and SG Americas Securities LLC. 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 $6.07.

Alcoa has a market capitalization of $1.13 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. 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]