NYSE:AAAlcoa Stock Price, Forecast & News

Alcoa's stock was trading at $9.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AA stock has increased by 24.0% and is now trading at $11.41. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 10 hold ratings and 3 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, July 15th 2020. View our earnings forecast for Alcoa.

Alcoa will be holding an earnings conference call on Wednesday, July 15th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Alcoa Corp (NYSE:AA) issued its quarterly earnings data on Wednesday, April, 22nd. The industrial products company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.29) by $0.06. The industrial products company earned $2.38 billion during the quarter, compared to analysts' expectations of $2.37 billion. Alcoa had a negative return on equity of 2.93% and a negative net margin of 8.38%. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the business posted ($0.23) earnings per share. View Alcoa's earnings history.

Alcoa declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 17th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management 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 earnings per share guidance of -0.08-0.00 for the period, compared to the Thomson Reuters consensus EPS 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 Wall Street analysts have issued 1 year target prices for Alcoa's shares. Their forecasts range from $8.00 to $25.00. On average, they anticipate Alcoa's stock price to reach $15.47 in the next year. This suggests a possible upside of 35.6% from the stock's current price. View analysts' price targets for Alcoa.

News articles about AA stock have trended very negative recently, InfoTrie reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news 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 media sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Alcoa.

Alcoa saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 11,800,000 shares, an increase of 6.8% from the May 31st total of 11,050,000 shares. Based on an average trading volume of 9,930,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 6.4% of the shares of the company are short sold. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include Graco (GGG), Mitsubishi Heavy Industries (MHVYF), A. O. Smith (AOS), Tenaris (TS), KION GRP AG/ADR (KIGRY), AptarGroup (ATR), DAI NIPPON PRTG/S (DNPLY), TORAY INDUSTRIE/ADR (TRYIY), Cimic Group (CIM), Hubbell (HUBB), Pentair (PNR), ASAHI GLASS/ADR (ASGLY), GEA Group Aktiengesellschaft (GEAGY), Norsk Hydro ASA (NHYDY) and HITACHI CONSTR/ADR (HTCMY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alcoa investors own include Bank of America (BAC), Ford Motor (F), Micron Technology (MU), General Electric (GE), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), AT&T (T), Arconic (ARNC) 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 investors include Wedge Capital Management L L P NC (0.02%) and Envestnet Asset Management Inc. (0.01%). View institutional ownership trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. View insider buying and selling activity for Alcoa.

AA stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management 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 $11.41.

Alcoa has a market capitalization of $2.12 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]