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 has approved a share repurchase plan on Wednesday, October 17th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Alcoa Corp (NYSE:AA) posted its quarterly 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 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 company earned $0.66 earnings per share. 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 1-year price targets 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 year. This suggests a possible upside of 51.6% 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.

Headlines about AA stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing 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 media sentiment score of 2.0 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Alcoa.

Alcoa saw a drop in short interest in 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 trading volume of 4,430,000 shares, the short-interest ratio is presently 1.6 days. Approximately 3.8% of the shares of the company are short sold. View Alcoa's Current Options Chain.

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 a number of of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (5.24%), State Street Corp (2.05%), Charles Schwab Investment Management Inc. (0.82%), AQR Capital Management LLC (0.74%), Thrivent Financial for Lutherans (0.57%) and MUFG Securities EMEA plc (0.41%). View Institutional Ownership Trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Schonfeld Strategic Advisors LLC, Commerzbank Aktiengesellschaft FI, Guggenheim Capital LLC, Westpac Banking Corp, Marshall Wace LLP, Maverick Capital Ltd. and Cubist Systematic Strategies LLC. 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, SG Americas Securities LLC, Madison Asset Management LLC and AQR Capital 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 $15.67.

Alcoa has a market capitalization of $2.91 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.