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 analysts have issued 12 month 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 year. 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 on January 1st, 2022. Since then, AA stock has decreased by 11.4% and is now trading at $52.76.
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Alcoa saw a decline in short interest in 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 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) posted its quarterly earnings results on Wednesday, July, 20th. The industrial products company reported $2.67 earnings per share 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 analysts' expectations of $3.48 billion. Alcoa had a net margin of 7.19% and a trailing twelve-month return on equity of 30.66%. Alcoa's revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS.

Alcoa declared a quarterly dividend on Thursday, July 28th. Investors 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 annualized dividend and a yield of 0.76%. 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 announced that its board has approved a share buyback plan on Thursday, October 14th 2021, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board 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 number 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.