What is the ticker symbol for Alcoa?
Alcoa trades on the New York Stock Exchange (NYSE) under the ticker symbol "AA." Who are Alcoa's major shareholders? Alcoa's stock is owned by a variety of retail and institutional investors.
What are the price targets for Alcoa (AA) Stock?
15 analysts have issued 1-year price targets for Alcoa's shares. Their forecasts range from $20.00 to $42.00. On average, they expect Alcoa's share price to reach $28.25 in the next twelve months. This suggests a possible upside of 36.3% from the stock's current price. View Analyst Price Targets for Alcoa.
Where is ALCOA corporation (AA) based?
The company is based in Pittsburgh, and has approximately 13,800 employees in 15 countries. On Tuesday, New York City-based weekly news magazine, Newsweek, released its third annual list of most responsible companies for the year 2022. Alcoa Corporation (AA) Fell Out Of Favor With Hedge Funds?
Did Alcoa Corporation (AA) fall out of favor with hedge funds?
Alcoa Corporation (AA) Fell Out Of Favor With Hedge Funds? The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 867 13F filings that hedge funds and well-known value investors are required to file by the SEC.
See more
Is Alcoa Corp a buy?
Alcoa has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 5 buy ratings, 6 hold ratings, and no sell ratings.
Is AA stock a good buy now?
The financial health and growth prospects of AA, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
What is going on with Alcoa?
On March 2, Alcoa said it'll stop buying raw material from and selling finished products to Russia. That also includes bauxite sales (Alcoa is one of the world's largest bauxite miners). As a result, the company has lowered its bauxite shipment projection for 2022 by 2 million metric tons.
Will AA stock go up?
Alcoa Corp (NYSE:AA) The 12 analysts offering 12-month price forecasts for Alcoa Corp have a median target of 72.70, with a high estimate of 106.00 and a low estimate of 45.00. The median estimate represents a +68.48% increase from the last price of 43.15.
Is AA a Buy Zacks?
AA is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 4.34, while its industry has an average P/E of 6.21. Over the past year, AA's Forward P/E has been as high as 11.74 and as low as 4.34, with a median of 8.36.
Who are Alcoa's customers?
Alcoa's key customers The aerospace industry is Alcoa's biggest customer. It accounts for almost one third of its value-added sales. Packaging is the second biggest customer. It accounts for almost a quarter of Alcoa's sales.
Why are Alcoa shares falling?
Alcoa Corp. shares dropped the most in eight months after the aluminum producer said sales slumped as prolonged supply-chain disruptions curbed shipments, raising concern that the tie-ups may erode customer demand for the metal.
Will aluminum stocks go up?
The leading sources' aluminum price forecasts are as follows: According to the World Bank, the aluminum price will increase to $2,000 per metric ton (t) in 2021, a 17% rise from an average of $1,703/t in 2020, and experience moderate growth to $2,050/t in 2022.
Why is Alcoa stock going up?
Alcoa's modest debt, low pension obligations, cost efficiency, production flexibility, and leadership in the industry are just some of the reasons behind Fitch's ratings upgrade. Fitch also raised its aluminum price forecast for 2022, largely because of low production from China.
Is Alcoa overpriced?
Overall, The stock of Alcoa (NYSE:AA, 30-year Financials) is believed to be significantly overvalued. The company's financial condition is fair and its profitability is poor. Its growth ranks worse than 82% of the companies in Metals & Mining industry.
Why is American Airlines stock down?
American Airlines AAL +0.33% stock fell Tuesday after the airline posted its first quarterly profit without government aid, but scaled back third-quarter flight capacity. American (ticker: AAL ) reported an adjusted profit of 76 cents a share for the second quarter, narrowly missing estimates of 77 cents.
Why are airline stocks going down?
Airline stocks have dropped more than the broader market. Spring and summer travel demand have surged despite higher fares. Economic concerns from inflation and recession risk have weighed on airline stock prices.
Should I buy or sell Alcoa stock right now?
11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 6 hold rati...
What is Alcoa's stock price forecast for 2022?
11 brokers have issued 12-month price targets for Alcoa's stock. Their forecasts range from $82.00 to $110.00. On average, they anticipate Alcoa's...
How has Alcoa's stock price performed in 2022?
Alcoa's stock was trading at $59.58 at the beginning of 2022. Since then, AA shares have decreased by 11.0% and is now trading at $53.01. View the...
When is Alcoa's next earnings date?
Alcoa is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022. View our earnings forecast for Alcoa .
How were Alcoa's earnings last quarter?
Alcoa Co. (NYSE:AA) released its quarterly earnings data on Wednesday, April, 20th. The industrial products company reported $3.06 EPS for the quar...
How often does Alcoa pay dividends? What is the dividend yield for Alcoa?
Alcoa announced a quarterly dividend on Wednesday, May 4th. Shareholders of record on Tuesday, May 17th will be given a dividend of $0.10 per share...
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 0.75%. Alcoa does not yet have a strong track recor...
How will Alcoa's stock buyback program work?
Alcoa declared that its board has initiated a share buyback program on Thursday, October 14th 2021, which allows the company to repurchase $500,000...
Who are Alcoa's key executives?
Alcoa's management team includes the following people: Mr. Roy C. Harvey , Pres, CEO & Director (Age 47, Pay $3.85M) Mr. William F. Oplinger ,...
About Alcoa
Alcoa (NYSE:AA) Frequently Asked Questions
Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company' global bauxite mining operations. The Alumina segment includes the company's worldwide refining system, which processes bauxite into alumina.
How many countries does Alcoa operate in?
11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Alcoa stock. View analyst ratings for Alcoa or view top-rated stocks.
What is Alcoa valuation?
Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling.
Where is Alcoa located?
A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Alcoa Corporation is an American industrial corporation. It is the world's eighth largest producer of aluminum, with corporate headquarters in Pittsburgh, Pennsylvania. Alcoa conducts operations in 10 countries.
When did Alcan take over Rio Tinto?
After having relocated corporate operations to New York City in 2006, Alcoa moved its headquarters back to Pittsburgh effective September 1, 2017. In October 2018, Alcoa announced plans to move from Pittsburgh's North Shore to a more downtown Pittsburgh location.
What time do you trade in the pre market?
The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two new entities: Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminium, and Arconic, which processes aluminum and other metals.
What is Alcoa aluminum?
Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices. Stock prices may also move more quickly in this environment.
Does market cap include convertible securities?
Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.
