NYSE:AAAlcoa Stock Price, Forecast & News

Alcoa's stock was trading at $9.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AA stock has increased by 61.8% and is now trading at $14.89.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Alcoa is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Alcoa.

Alcoa Corp (NYSE:AA) posted its earnings results on Wednesday, July, 15th. The industrial products company reported ($0.02) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.38) by $0.36. The industrial products company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. Alcoa had a negative return on equity of 3.16% and a negative net margin of 6.72%. The business's revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS.
View Alcoa's earnings history.

Alcoa announced that its board has initiated a stock buyback plan on Wednesday, October 17th 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Alcoa issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, July, 8th. The company provided EPS guidance of -0.08-0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.54. The company issued revenue guidance of $2.1-2.175 billion, compared to the consensus revenue estimate of $2.09 billion.

12 brokers have issued 12 month price objectives for Alcoa's shares. Their forecasts range from $8.00 to $25.00. On average, they anticipate Alcoa's stock price to reach $14.67 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts' price targets for Alcoa.

Headlines about AA stock have been trending somewhat positive on Wednesday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. 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 media sentiment score of 1.0 on InfoTrie's scale. They also gave press coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Alcoa.

Alcoa saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 10,030,000 shares, a decline of 19.2% from the January 31st total of 12,420,000 shares. Based on an average daily volume of 5,190,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 5.4% of the company's shares are short sold.
View Alcoa's Short Interest.

Some companies that are related to Alcoa include Fortune Brands Home & Security (FBHS), Halma (HLMAF), Crown (CCK), Avery Dennison (AVY), Graco (GGG), Packaging Corp Of America (PKG), Allegion (ALLE), James Hardie Industries (JHX), ADT (ADT), AB SKF (SKFRY), KION GRP AG/ADR (KIGRY), DISCO CORP/ADR (DSCSY), Hubbell (HUBB), A. O. Smith (AOS) and Mitsubishi Heavy Industries (MHVYF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Alcoa investors own include Bank of America (BAC), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), General Electric (GE), Micron Technology (MU), Ford Motor (F), Intel (INTC), Alibaba Group (BABA), Advanced Micro Devices (AMD) and NVIDIA (NVDA).

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 Fisher Asset Management LLC (1.81%), Victory Capital Management Inc. (0.97%), Russell Investments Group Ltd. (0.44%), Hosking Partners LLP (0.40%), Principal Financial Group Inc. (0.34%) and Swiss National Bank (0.22%).
View institutional ownership trends for Alcoa.

AA stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., State Board of Administration of Florida Retirement System, New York State Common Retirement Fund, Lesa Sroufe & Co, Amalgamated Bank, Heritage Investors Management Corp, Trexquant Investment LP, and NN Investment Partners Holdings N.V..
View insider buying and selling activity for Alcoa.

AA stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Victory Capital Management Inc., Russell Investments Group Ltd., Principal Financial Group Inc., SG Americas Securities LLC, Brightline Capital Management LLC, HighTower Advisors LLC, and Hosking Partners LLP.
View insider buying and selling activity 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 $14.89.

Alcoa has a market capitalization of $2.77 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 13,800 workers across the globe.

The official website for Alcoa is 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]