Alcoa - AA Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.
View AA analyst ratings or view top-rated stocks.

11 brokerages have issued 1-year price targets for Alcoa's shares. Their AA share price forecasts range from $51.00 to $105.00. On average, they anticipate the company's stock price to reach $78.64 in the next twelve months. This suggests a possible upside of 47.6% from the stock's current price.
View analysts price targets for AA or view top-rated stocks among Wall Street analysts.

Alcoa's stock was trading at $59.58 on January 1st, 2022. Since then, AA shares have decreased by 10.6% and is now trading at $53.27.
View the best growth stocks for 2022 here.

Alcoa saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 7,560,000 shares, a decline of 19.1% from the July 15th total of 9,340,000 shares. Based on an average daily volume of 6,550,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 4.2% of the shares of the stock are sold short.
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) announced its quarterly earnings results on Wednesday, July, 20th. The industrial products company reported $2.67 EPS for the quarter, missing the consensus estimate of $3.71 by $1.04. The industrial products company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.48 billion. Alcoa had a trailing twelve-month return on equity of 30.66% and a net margin of 7.19%. The firm's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 earnings per share.

Alcoa announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Tuesday, August 9th will be given a dividend of $0.10 per share on Thursday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend 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 0.76%. 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 declared that its Board of Directors has initiated a share buyback 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 buy up to 4.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are 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 many different retail and institutional investors. Top institutional investors include Egerton Capital UK LLP (2.01%), Assenagon Asset Management S.A. (0.95%), Menora Mivtachim Holdings LTD. (0.87%), Ardevora Asset Management LLP (0.61%), JPMorgan Chase & Co. (0.57%) and Twin Tree Management LP (0.00%). 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.
Compare Top Brokerages Here.

One share of AA stock can currently be purchased for approximately $53.27.

Alcoa (NYSE:AA) has a market capitalization of $9.58 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.