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

Alcoa Corp (NYSE:AA) released its earnings results on Wednesday, January, 15th. The industrial products company reported ($0.31) earnings per share 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 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 price targets for Alcoa's stock. Their forecasts range from $20.50 to $27.00. On average, they anticipate Alcoa's share price to reach $23.75 in the next year. This suggests a possible upside of 54.6% 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 headlines about AA stock have trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alcoa earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Alcoa.

Alcoa saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 7,050,000 shares, a decrease of 9.6% from the January 15th total of 7,800,000 shares. Based on an average daily trading volume, of 4,430,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.8% of the shares of the stock are sold short. View Alcoa's Current Options Chain.

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

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 $15.36.

Alcoa has a market capitalization of $2.85 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]