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.
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.
How much did Alcoa's stock drop after earnings beat?
But AA's share price fell by -17% from $86.93 as of April 20, 2022 to $72.20 as of April 21, 2022 following the company's earnings beat. Alcoa's shares subsequently dropped by another -40% to close at $43.06 as of July 15, 2022. In other words, Alcoa's stock price has roughly halved since it reported its Q1 2022 results in late-April.
What is the upside for Alcoa's stock?
On average, they anticipate Alcoa's stock price to reach $28.25 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price. View Analyst Price Targets for Alcoa.
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Is Alcoa stock 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.
Why is Alcoa stock dropping?
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.
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.
Is Alcoa a buy Zack?
It is used to help gauge a company's financial health....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
Will the Alcoa stock rise up?
Stock Price Forecast 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 +78.23% increase from the last price of 40.79.
Will aluminum stocks go up?
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. By 2035, the World Bank predicts aluminum prices will reach $2,400/t.
Why is Alcoa stock going up?
Alcoa is going to see its revenues increase as aluminum inventories continue to decrease and prices continue to rapidly increase. Russia's invasion has led to a massive disruption of the energy markets in Europe. In turn, this has led to the input costs of aluminum to soar in Europe.
Who bought out Alcoa?
Kaiser Aluminum CorporationFOOTHILL RANCH, Calif. , April 01, 2021 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), today announced that it has completed its acquisition of Alcoa Warrick LLC , containing all the assets of the Warrick Rolling Mill (“Warrick”), from Alcoa Corporation (“Alcoa”) for a purchase price of $670 million .
Is AA is a good buy now?
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.
Is Mos a buy or sell?
The consensus among 11 Wall Street analysts covering (NYSE: MOS) stock is to Buy MOS stock.
What is Zacks rating of CLF?
Zacks' proprietary data indicates that ClevelandCliffs Inc. is currently rated as a Zacks Rank 5 and we are expecting a below average return from the CLF shares relative to the market in the next few months.
Where is Alcoa smelting?
Where is Alcoa located?
In 2009, Alcoa Corp. (NYSE: AA) curtailed 35,000 metric tons per year of its smelting capacity at the Portland Aluminum smelter in Australia. Now in 2021, the company is restarting it in a move that will increase global production and cost $9 million. The smelter, located in the Australian state of Victoria, has a total capacity of 358,000 mtpy, with Alcoa controlling 197,000 mtpy of the capacity.
What is fair value in accounting?
Analyst Report: Alcoa Corp Alcoa Corp. is a global provider of bauxite, alumina, and aluminum products. The company is based in Pittsburgh, and has approximately 13,800 employees in 15 countries.
Will metal prices go up in 2025?
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
What is MarketBeat community ratings?
A new report out of S&P Global Market Intelligence Tuesday evening announced that global metals prices are likely to remain above historical averages all the way through 2025. As it turns out, moreover, these two things are connected.
What is the payout ratio of Alcoa?
MarketBeat's community ratings are surveys of what our community members think about Alcoa and other stocks. Vote “Outperform” if you believe AA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AA will underperform the S&P 500 over the long term. You may vote once every thirty days.
What is Alcoa's business?
The dividend payout ratio of Alcoa is 9.30%. This payout ratio is at a healthy, sustainable level, below 75%.
When will Alcoa repurchase its stock?
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. The Aluminum segment combines smelting and casting operations produce primary aluminum. The smelting operations produce molten primary aluminum, which is then formed by the casting operations into either foundry ingot or into value add ingot products, including billet, rod, and slab. The company was founded by Charles Martin Hall on July 9, 1886 and is headquartered in Pittsburgh, PA.
What is the symbol for Alcoa?
Alcoa declared that its board has approved a stock repurchase plan on Thursday, October 14th 2021, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.
Investing in Alcoa Corp Stock
Alcoa trades on the New York Stock Exchange (NYSE) under the ticker symbol "AA."
Latest Alcoa Corp ( AA) Stock News
Alcoa Corporation (Alcoa) is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company’s operations consist of three reportable business segments: Bauxite, Alumina, and Aluminum.
Grading Alcoa Corp Stock
As of February 08, 2022, Alcoa Corp had a $11.9 billion market capitalization, compared to the Metals & Mining - Aluminum median of $3229.8 billion, Alcoa Corp’s stock is up 17.4% in 2022, up 20.3% in the previous five trading days and up 221.6% in the past year. Currently, Alcoa Corp’s price-earnings ratio is 31.7.
Other Alcoa Corp Grades
Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement.
Alcoa Corp Stock: Bottom Line
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