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 initiated a stock repurchase program on Wednesday, October 17th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Alcoa Corp (NYSE:AA) released its quarterly earnings data on Wednesday, January, 15th. The industrial products company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.09. The industrial products company earned $2.44 billion during the quarter, compared to analyst estimates of $2.49 billion. Alcoa had a negative return on equity of 2.81% and a negative net margin of 10.78%. The business's quarterly revenue was down 27.2% compared to the same quarter last year. During the same period 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 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 twelve months. This suggests a possible upside of 81.3% 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.

Press coverage about AA stock has trended extremely negative on Friday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alcoa earned a news impact score of -4.4 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. 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 days-to-cover ratio is presently 2.5 days. Currently, 6.7% of the shares of the company are short sold. View Alcoa's Current Options Chain.

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

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 a variety of of institutional and retail investors. Top institutional shareholders 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 bought 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 $13.10.

Alcoa has a market capitalization of $2.44 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]