Citigroup slashes price target on Alcoa Corporation [AA] – find out why.


Alcoa Corporation [NYSE: AA] traded at a low on 06/28/22, posting a -0.63 loss after which it closed the day’ session at $49.25. The company report on June 28, 2022 that Alcoa Schedules Second Quarter 2022 Earnings Release and Conference Call.

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Alcoa Corporation plans to announce its second quarter 2022 financial results on Wednesday, July 20, 2022 after the close of trading on the New York Stock Exchange.

The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s website, A link to the press release will also be on Alcoa’s Twitter handle @Alcoa at

The results of the trading session contributed to over 5209179 shares changing hands. Over the past one week, the price volatility of Alcoa Corporation stands at 5.67% while the volatility over the past one month is 5.75%.

The market cap for AA stock reached $8.58 billion, with 184.00 million shares outstanding and 182.88 million shares in the current float. Compared to the average trading volume of 6.97M shares, AA reached a trading volume of 5209179 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Alcoa Corporation [AA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AA shares is $85.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AA stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Alcoa Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 21, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $68 to $82. The new note on the price target was released on April 08, 2022, representing the official price target for Alcoa Corporation stock. Previously, the target price had yet another raise from $78 to $100, while Morgan Stanley kept a Equal-Weight rating on AA stock. On January 11, 2022, analysts increased their price target for AA shares from 60 to 65.

The Average True Range (ATR) for Alcoa Corporation is set at 3.28, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 8.92. Price to Free Cash Flow for AA in the course of the last twelve months was 15.86 with Quick ratio for the last quarter at 0.90.

How has AA stock performed recently?

Alcoa Corporation [AA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.66. With this latest performance, AA shares dropped by -21.64% in over the last four-week period, additionally sinking by -17.68% over the last 6 months – not to mention a rise of 36.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AA stock in for the last two-week period is set at 37.31, with the RSI for the last a single of trading hit 37.63, and the three-weeks RSI is set at 38.06 for Alcoa Corporation [AA]. The present Moving Average for the last 50 days of trading for this stock 61.21, while it was recorded at 48.74 for the last single week of trading, and 61.63 for the last 200 days.

Alcoa Corporation [AA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Alcoa Corporation [AA] shares currently have an operating margin of +19.01 and a Gross Margin at +21.08. Alcoa Corporation’s Net Margin is presently recorded at +3.45.

Return on Equity for this stock inclined to 10.75, with Return on Assets sitting at 2.87.

Alcoa Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.60.

Insider trade positions for Alcoa Corporation [AA]

There are presently around $7,694 million, or 85.10% of AA stock, in the hands of institutional investors. The top three institutional holders of AA stocks are: BLACKROCK INC. with ownership of 20,084,162, which is approximately 13.511% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 18,087,600 shares of the stock with an approximate value of $896.42 million in AA stocks shares; and FMR LLC, currently with $454.55 million in AA stock with ownership of nearly 563.569% of the company’s market capitalization.

Positions in Alcoa Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 303 institutional holders increased their position in Alcoa Corporation [NYSE:AA] by around 37,066,911 shares. Additionally, 295 investors decreased positions by around 33,007,738 shares, while 79 investors held positions by with 85,162,237 shares. The mentioned changes placed institutional holdings at 155,236,886 shares, according to the latest SEC report filing. AA stock had 162 new institutional investments in for a total of 16,580,157 shares, while 89 institutional investors sold positions of 5,573,376 shares during the same period.