Alcoa Stock Forecast, Price & 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. Since then, AA stock has increased by 32.7% and is now trading at $12.21.
View which stocks have been most impacted by COVID-19.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 8 hold ratings and 5 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 earnings results on Wednesday, July, 15th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.36. The industrial products company earned $2.15 billion during the quarter, compared to analysts' expectations of $2.12 billion. Alcoa had a negative return on equity of 3.16% and a negative net margin of 6.72%. Alcoa's quarterly revenue was down 20.8% compared to the same quarter last year. During the same period last year, the company posted ($0.01) EPS.
View Alcoa's earnings history.

Alcoa announced that its board has initiated a share buyback plan on Wednesday, October 17th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Alcoa issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, July, 8th. The company provided EPS 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 12-month price objectives for Alcoa's shares. Their forecasts range from $8.00 to $23.00. On average, they anticipate Alcoa's stock price to reach $14.00 in the next year. This suggests a possible upside of 14.7% from the stock's current price.
View analysts' price targets for Alcoa.

Alcoa saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,040,000 shares, a decrease of 16.4% from the August 15th total of 15,600,000 shares. Based on an average daily volume of 6,750,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 7.1% of the shares of the stock are sold short.
View Alcoa's Short Interest.

Some companies that are related to Alcoa include Norsk Hydro ASA (NHYDY), Aluminum Corp. of China Limited ADR Class H (ACH), Century Aluminum (CENX), Noranda Aluminum (NORNQ) and Mansfelder Metals (MNSF).
View all competitors.

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

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

Alcoa's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.50%), Two Sigma Advisers LP (1.85%), Fisher Asset Management LLC (1.81%), Charles Schwab Investment Management Inc. (1.14%), Victory Capital Management Inc. (0.97%) and Goldman Sachs Group Inc. (0.89%).
View institutional ownership trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Jacobs Levy Equity Management Inc., AQR Capital Management LLC, Man Group plc, Ellington Management Group LLC, Robeco Institutional Asset Management B.V., Cubist Systematic Strategies LLC, and State Board of Administration of Florida Retirement System.
View insider buying and selling activity for Alcoa.

AA stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Victory Capital Management Inc., Russell Investments Group Ltd., Charles Schwab Investment Management Inc., AJO LP, Principal Financial Group Inc., Principal Financial Group Inc., and Vanguard Group Inc..
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 $12.21.

Alcoa has a market capitalization of $2.27 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]