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NYSE:AA

Alcoa (AA) Stock Price, News & Analysis

$42.15
-1.94 (-4.40%)
(As of 05/22/2024 ET)
Today's Range
$41.80
$42.98
50-Day Range
$29.68
$44.09
52-Week Range
$23.07
$44.57
Volume
6.32 million shs
Average Volume
6.33 million shs
Market Capitalization
$7.57 billion
P/E Ratio
N/A
Dividend Yield
0.95%
Price Target
$33.54

Alcoa MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
20.4% Downside
$33.54 Price Target
Short Interest
Healthy
6.88% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.01
Upright™ Environmental Score
News Sentiment
0.73mentions of Alcoa in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$814,685 Sold Last Quarter
Proj. Earnings Growth
980.00%
From $0.20 to $2.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.45 out of 5 stars

Basic Materials Sector

93rd out of 170 stocks

Aluminum Industry

1st out of 1 stocks

AA stock logo

About Alcoa Stock (NYSE:AA)

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum in the form of sheet, which is sold primarily to customers that produce beverage and food cans. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.

AA Stock Price History

AA Stock News Headlines

3 Metal Stocks Setting Up for Double-Digit Growth
The U.S. economy is pivoting into a new path for the year. After briefly jumping into its first expansionary reading in more than a year and a half, the ISM manufacturing PMI index just fell back into contraction for April.
3 Metal Stocks Setting Up for Double-Digit Growth
Three metal sector stocks are quickly becoming potential buy targets for investors looking for double-digit EPS growth in the middle of an uncertain economy
2 Stocks to Benefit From New Sanctions on Russian Aluminum (AA)
The U.S. and U.K. have issued two new sanctions on Russian-origin metals; here are two aluminum stocks that stand to benefit
What the Options Market Tells Us About Alcoa
Alcoa Announces Update on Acquisition of Alumina Limited
Morgan Stanley Upgrades Alcoa (AA)
Alcoa Stock Rises. It Still Isn’t a Buy.
Smart Money Is Betting Big In Alcoa Options
Assessing Alcoa: Insights From 5 Financial Analysts
See More Headlines
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Company Calendar

Ex-Dividend for 3/21 Dividend
3/04/2024
Dividend Payable
3/21/2024
Last Earnings
4/17/2024
Ex-Dividend for 6/7 Dividend
5/20/2024
Today
5/22/2024
Dividend Payable
6/07/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Aluminum
Sub-Industry
Aluminum
CUSIP
01381710
Fax
N/A
Employees
13,600
Year Founded
1888

Price Target and Rating

Average Stock Price Target
$33.54
High Stock Price Target
$48.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-20.4%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
13 Analysts

Profitability

Net Income
$-651,000,000.00
Pretax Margin
-6.96%

Debt

Sales & Book Value

Annual Sales
$10.48 billion
Cash Flow
$1.26 per share
Book Value
$30.82 per share

Miscellaneous

Free Float
N/A
Market Cap
$7.57 billion
Optionable
Optionable
Beta
2.45

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AA Stock Analysis - Frequently Asked Questions

Should I buy or sell Alcoa stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 3 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.

What is Alcoa's stock price target for 2024?

13 Wall Street analysts have issued twelve-month price objectives for Alcoa's stock. Their AA share price targets range from $25.00 to $48.00. On average, they expect the company's stock price to reach $33.54 in the next year. This suggests that the stock has a possible downside of 20.4%.
View analysts price targets for AA
or view top-rated stocks among Wall Street analysts.

How have AA shares performed in 2024?

Alcoa's stock was trading at $34.00 on January 1st, 2024. Since then, AA shares have increased by 24.0% and is now trading at $42.15.
View the best growth stocks for 2024 here
.

Are investors shorting Alcoa?

Alcoa saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 12,210,000 shares, a decline of 20.8% from the April 15th total of 15,410,000 shares. Based on an average trading volume of 6,290,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 6.9% of the shares of the stock are sold short.
View Alcoa's Short Interest
.

When is Alcoa's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our AA earnings forecast
.

How were Alcoa's earnings last quarter?

Alcoa Co. (NYSE:AA) released its quarterly earnings results on Wednesday, April, 17th. The industrial products company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.62) by $0.19. The industrial products company earned $2.60 billion during the quarter, compared to analysts' expectations of $2.55 billion. Alcoa had a negative net margin of 6.41% and a negative trailing twelve-month return on equity of 8.51%. Alcoa's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) earnings per share.

How often does Alcoa pay dividends? What is the dividend yield for Alcoa?

Alcoa announced a quarterly dividend on Thursday, May 9th. Investors of record on Tuesday, May 21st will be given a dividend of $0.10 per share on Friday, June 7th. This represents a $0.40 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, May 20th.
Read our dividend analysis for AA
.

Is Alcoa a good dividend stock?

Alcoa (NYSE:AA) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.97%.
Read our dividend analysis for AA.

What other stocks do shareholders of Alcoa own?

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).

Who are Alcoa's major shareholders?

Alcoa's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.02%), L1 Capital Pty Ltd (1.22%), Capital Research Global Investors (1.15%), ARGA Investment Management LP (0.83%), Price T Rowe Associates Inc. MD (0.82%) and Douglas Lane & Associates LLC (0.75%). Insiders that own company stock include Harden Sonya Elam, Jeffrey D Heeter, John D Slaven, Molly S Beerman, Roy Christopher Harvey, Tammi A Jones and William F Oplinger.
View institutional ownership trends
.

How do I buy shares of Alcoa?

Shares of AA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Alcoa have any subsidiaries?
The following companies are subsidiares of Alcoa: Alcan, Alcoa Alumínio S.A., Alcoa Australian Holdings Pty Ltd, Alcoa Nederland Holding B.V., Alcoa USA Corp, Alcoa USA Holding Company, Alcoa of Australia Limited, Alumax, Aluminerie Lauralco S.À.R.L., Baco Consumer Products, Cordant, Firth Rixson, Howmet Corp., MCG Closures, Noyes Fiber Systems, Orkla, RTI International Metals Inc., Southern Plastics, TITAL, and Traco.
Read More
This page (NYSE:AA) was last updated on 5/23/2024 by MarketBeat.com Staff

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