Alcoa (NYSE:AA) Price Target Cut to $71.00 by Analysts at Wells Fargo & Company

Alcoa (NYSE:AA) had its price target decreased by Wells Fargo & Company from $72.00 to $71.00 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

Several other brokerages have also commented on AA. B. Riley Financial decreased their price objective on shares of Alcoa from $92.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. lowered their target price on shares of Alcoa from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. BMO Capital Markets dropped their price objective on shares of Alcoa from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday. Zacks Research downgraded shares of Alcoa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, UBS Group decreased their target price on shares of Alcoa from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.73.

Alcoa Price Performance

NYSE:AA opened at $43.84 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.48. The stock has a 50 day moving average price of $61.70 and a 200 day moving average price of $62.46. The stock has a market cap of $11.57 billion, a PE ratio of 9.02, a P/E/G ratio of 0.50 and a beta of 1.63. Alcoa has a one year low of $28.11 and a one year high of $84.38.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.13). The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Alcoa had a return on equity of 19.57% and a net margin of 9.48%.During the same quarter in the prior year, the firm earned $0.39 EPS. Equities research analysts expect that Alcoa will post 6.93 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, May 19th. Alcoa’s dividend payout ratio is 10.13%.

Hedge Funds Weigh In On Alcoa

Institutional investors have recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in Alcoa during the 4th quarter valued at $25,000. Advisory Services Network LLC acquired a new stake in Alcoa in the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. grew its holdings in Alcoa by 52,500.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 525 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Alcoa by 74.1% in the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 237 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Alcoa by 5,281.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 581 shares in the last quarter.

Key Stories Impacting Alcoa

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Alcoa reported record quarterly revenue and highlighted strong operational performance, including progress on smelter restarts and improved aluminum EBITDA. Article Title
• Positive Sentiment: Management outlined about $900 million in net present value synergies tied to the South32 asset deal, supporting its longer-term growth strategy. Article Title
• Positive Sentiment: Unusually heavy call-option buying suggests some traders are positioning for a rebound after the post-earnings selloff. Article Title
• Neutral Sentiment: Several analysts trimmed price targets, but JPMorgan and Wells Fargo both kept ratings that were not outright bearish, signaling a wait-and-see stance rather than a major downgrade cycle.
• Negative Sentiment: Alcoa missed Q2 earnings estimates, reporting $2.12 per share versus the $2.25 consensus, which disappointed investors despite better year-over-year results. Article Title
• Negative Sentiment: The company lowered 2026 alumina production guidance by 200,000 to 300,000 metric tons due to Pinjarra refinery issues, raising concerns about near-term earnings pressure. Article Title

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.