Alcoa: The Worst May Be Behind [Seeking Alpha]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Seeking Alpha
Alcoa: The Worst May Be Behind Summary China's economy slowing and trade tensions are mitigating. Alcoa is well-positioned to profit as central banks prop up the economic expansion. Cost cutting and higher commodity prices could trigger Alcoa's stock to regain recent losses. We have opened a position in Alcoa (NYSE: AA Alcoa: What's Not Working Since Alcoa's restructuring in 2016, the new company stock rallied +150% into mid-2018 but has since lost over 65% of its value since the peak. The reasons for Alcoa's poor stock performance have been the global economic slowdown (notably, in China, a large consumer of aluminum), the U.S.-China trade war, and contracting manufacturing activity in the global automotive sector. Many investors had hoped that Alcoa's U.S. smelting operations would benefit from U.S. sanctions on aluminum imports. This just has not happened. The 10% tariffs on China aluminum were a slap on the wrist not even felt in the aluminum market. The net result has been lower
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AA
News
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at B. Riley from $25.00 to $31.00. They now have a "neutral" rating on the stock.MarketBeat
- Alcoa moves up despite EPS miss as company sees improving markets [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at Jefferies Financial Group Inc. from $45.00 to $48.00. They now have a "buy" rating on the stock.MarketBeat
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at BMO Capital Markets from $35.00 to $37.00. They now have a "market perform" rating on the stock.MarketBeat
- Here's What Key Metrics Tell Us About Alcoa (AA) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website