Alcoa - AA Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 7 hold ratings and 5 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.
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12 brokers have issued 12 month price objectives for Alcoa's shares. Their AA share price forecasts range from $35.00 to $105.00. On average, they anticipate the company's share price to reach $69.42 in the next year. This suggests a possible upside of 37.8% from the stock's current price.
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Alcoa's stock was trading at $59.58 at the start of the year. Since then, AA stock has decreased by 15.4% and is now trading at $50.39.
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Alcoa saw a increase in short interest in November. As of November 15th, there was short interest totaling 10,560,000 shares, an increase of 22.1% from the October 31st total of 8,650,000 shares. Based on an average trading volume of 7,740,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 6.0% of the shares of the stock are short sold.
View Alcoa's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our AA earnings forecast.

Alcoa Co. (NYSE:AA) posted its quarterly earnings data on Wednesday, October, 19th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.42. The industrial products company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.97 billion. Alcoa had a negative net margin of 0.91% and a positive trailing twelve-month return on equity of 22.27%. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share.

Alcoa announced a quarterly dividend on Wednesday, October 19th. Shareholders of record on Tuesday, November 1st will be given a dividend of $0.10 per share on Friday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, October 31st.
Read our dividend analysis for AA.

Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.81%.
Read our dividend analysis for AA.

Alcoa declared that its board has approved a stock repurchase program on Thursday, October 14th 2021, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors 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 BlackRock Inc. (12.66%), Vanguard Group Inc. (10.08%), State Street Corp (4.11%), Bank of New York Mellon Corp (3.45%), Renaissance Technologies LLC (2.36%) and Fisher Asset Management LLC (2.25%). Insiders that own company stock include Benjamin D Kahrs, 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.
View institutional ownership trends.

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 $50.39.

Alcoa (NYSE:AA) has a market capitalization of $8.92 billion and generates $12.15 billion in revenue each year. The industrial products company earns $429 million in net income (profit) each year or ($0.84) on an earnings per share basis.

The company employs 12,200 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.