Alcoa - AA Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last twelve months. There are currently 6 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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11 Wall Street analysts have issued 1 year price targets for Alcoa's stock. Their AA share price forecasts range from $51.00 to $105.00. On average, they expect the company's share price to reach $78.64 in the next twelve months. This suggests a possible upside of 49.0% from the stock's current price.
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Alcoa's stock was trading at $59.58 at the beginning of 2022. Since then, AA shares have decreased by 11.4% and is now trading at $52.76.
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Alcoa saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 7,560,000 shares, a decrease of 19.1% from the July 15th total of 9,340,000 shares. Based on an average trading volume of 6,550,000 shares, the short-interest ratio is currently 1.2 days. Approximately 4.2% of the company's shares are short sold.
View Alcoa's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our AA earnings forecast.

Alcoa Co. (NYSE:AA) released its quarterly earnings results on Wednesday, July, 20th. The industrial products company reported $2.67 EPS for the quarter, missing analysts' consensus estimates of $3.71 by $1.04. The industrial products company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.48 billion. Alcoa had a net margin of 7.19% and a trailing twelve-month return on equity of 30.66%. The company's quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 EPS.

Alcoa declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Tuesday, August 9th will be paid a dividend of $0.10 per share on Thursday, August 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, August 8th.
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 0.75%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AA will have a dividend payout ratio of 6.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AA.

Alcoa announced that its Board of Directors has approved a share repurchase program on Thursday, October 14th 2021, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership 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 variety of retail and institutional investors. Top institutional investors include FMR LLC (3.13%), Egerton Capital UK LLP (2.01%), Renaissance Technologies LLC (1.84%), Northern Trust Corp (1.14%), Assenagon Asset Management S.A. (0.95%) and Menora Mivtachim Holdings LTD. (0.87%). 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 $52.76.

Alcoa (NYSE:AA) has a market capitalization of $9.49 billion and generates $12.15 billion in revenue each year. The industrial products company earns $429 million in net income (profit) each year or $5.09 on an earnings per share basis.

The company employs 12,200 workers across the globe.

Alcoa was founded in 1888.

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.