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 authorized a stock repurchase program on Wednesday, October 17th 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Alcoa Corp (NYSE:AA) issued its quarterly earnings data on Wednesday, January, 15th. The industrial products company reported ($0.31) earnings per share (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 2.71%. The firm's revenue for the quarter was down 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $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 Wall Street analysts have issued 12-month target prices for Alcoa's shares. Their forecasts range from $20.50 to $27.00. On average, they expect Alcoa's stock price to reach $23.75 in the next year. This suggests a possible upside of 34.3% 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.

News articles about AA stock have trended positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alcoa earned a news impact score of 3.0 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press 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 decline in short interest in the month of December. As of December 31st, there was short interest totalling 7,800,000 shares, a decline of 12.1% from the December 15th total of 8,870,000 shares. Based on an average trading volume of 3,990,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 4.2% of the company's shares are sold short. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include Mitsubishi Heavy Industries (MHVYF), Rolls-Royce (RR), Allegion (ALLE), Melrose Industries (MRO), Cimic Group (CIM), Avery Dennison (AVY), TORAY INDUSTRIE/ADR (TRYIY), Halma (HLMAF), Packaging Corp Of America (PKG), CAE (CAE), Crown (CCK), Nordson (NDSN), Fortune Brands Home & Security (FBHS), AB SKF (SKFRY) and Graco (GGG).

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), Pandora Media (P), Ryder System (R), Ford Motor (F), Micron Technology (MU), General Electric (GE), Alibaba Group (BABA) and NVIDIA (NVDA).

Alcoa's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Commerzbank Aktiengesellschaft FI (0.08%), Heritage Investors Management Corp (0.03%), Nisa Investment Advisors LLC (0.02%), Wedge Capital Management L L P NC (0.01%), FNY Investment Advisers LLC (0.01%) and Bell & Brown Wealth Advisors LLC (0.01%). Company insiders that own Alcoa stock include Arthur Brown, Tomas Mar Sigurdsson and William F Oplinger. View Institutional Ownership Trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Nisa Investment Advisors LLC, TSP Capital Management Group LLC and Heritage Investors Management Corp. View Insider Buying and Selling for Alcoa.

AA stock was acquired by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Bell & Brown Wealth Advisors LLC and Wedge Capital Management L L P NC. 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 $17.69.

Alcoa has a market capitalization of $3.28 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.

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]