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 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 reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Alcoa Corp (NYSE:AA) posted its quarterly earnings data on Wednesday, January, 15th. The industrial products company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.09. The industrial products company earned $2.44 billion during 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 company's revenue for the quarter was down 27.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 analysts have issued 12 month price objectives 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 twelve months. This suggests a possible upside of 68.2% 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 been trending extremely negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Alcoa earned a media sentiment score of -4.9 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Alcoa.

Alcoa saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 12,420,000 shares, an increase of 76.2% from the January 30th total of 7,050,000 shares. Based on an average daily trading volume, of 4,910,000 shares, the short-interest ratio is presently 2.5 days. Currently, 6.7% of the company's stock are sold short. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include Avery Dennison (AVY), CAE (CAE), Crown (CCK), Halma (HLMAF), TORAY INDUSTRIE/ADR (TRYIY), Fortune Brands Home & Security (FBHS), Nordson (NDSN), Packaging Corp Of America (PKG), Graco (GGG), AB SKF (SKFRY), Cimic Group (CIM), Xerox (XRX), Hubbell (HUBB), DISCO CORP/ADR (DSCSY) and DAI NIPPON PRTG/S (DNPLY).

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), Ford Motor (F), Pandora Media (P), Ryder System (R), 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 investors include Capital World Investors (6.71%), Renaissance Technologies LLC (5.24%), State Street Corp (2.05%), Alliancebernstein L.P. (1.69%), Geode Capital Management LLC (1.15%) and Charles Schwab Investment Management Inc. (0.82%). View Institutional Ownership Trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Prudential Financial Inc., Schonfeld Strategic Advisors LLC, Commerzbank Aktiengesellschaft FI, Guggenheim Capital LLC, Westpac Banking Corp, Marshall Wace LLP and Man Group plc. View Insider Buying and Selling for Alcoa.

AA stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, MUFG Securities EMEA plc, Point72 Asset Management L.P., State Street Corp, Masters Capital Management LLC, Bronson Point Management LLC, SG Americas Securities LLC and Madison Asset Management LLC. 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 $14.12.

Alcoa has a market capitalization of $2.63 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]