JPMorgan Chase & Co. Has Lowered Expectations for Alcoa (NYSE:AA) Stock Price

Posted by Francis Steltz on Jul 17th, 2026

Alcoa (NYSE:AA – Get Free Report) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $55.00 to $52.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 16.58% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Alcoa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Wells Fargo & Company lowered their price objective on Alcoa from $72.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group dropped their price objective on Alcoa from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Wall Street Zen cut shares of Alcoa from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada set a $70.00 target price on shares of Alcoa in a research note on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.55.

View Our Latest Analysis on AA

Alcoa Trading Down 4.8%

Shares of AA stock traded down $2.25 on Friday, hitting $44.60. 3,209,493 shares of the company’s stock traded hands, compared to its average volume of 6,396,499. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.52 and a beta of 1.63. The company’s fifty day simple moving average is $62.09 and its 200 day simple moving average is $62.59. Alcoa has a one year low of $28.11 and a one year high of $84.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.48.

Alcoa (NYSE:AA – Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.13). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. Equities analysts forecast that Alcoa will post 6.93 EPS for the current year.

Institutional Trading of Alcoa

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Alcoa by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,580,803 shares of the industrial products company’s stock valued at $615,428,000 after purchasing an additional 462,243 shares during the period. State Street Corp boosted its stake in shares of Alcoa by 6.7% during the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock valued at $376,871,000 after purchasing an additional 721,063 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Alcoa by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 6,655,655 shares of the industrial products company’s stock valued at $389,621,000 after purchasing an additional 349,426 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Alcoa by 211.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,254,017 shares of the industrial products company’s stock valued at $332,338,000 after buying an additional 4,247,559 shares during the period. Finally, L1 Capital Pty Ltd raised its stake in Alcoa by 22.3% in the third quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock worth $193,646,000 after buying an additional 1,073,357 shares in the last quarter.

Alcoa News Roundup

Here are the key news stories impacting Alcoa this week:

Positive Sentiment: Alcoa reported record quarterly revenue and strong operational performance, supported by better aluminum pricing, higher shipments, and progress on smelter restarts. Alcoa Corporation Reports Second Quarter 2026 Results
Positive Sentiment: Management outlined about $900 million in net present value from AliGroup synergies, which could support longer-term earnings and portfolio strength after the South32 asset acquisition. Alcoa outlines ~$900M NPV AliGroup synergies
Neutral Sentiment: Wells Fargo slightly lowered its price target to $71 from $72 but kept an overweight rating, signaling continued confidence in Alcoa despite the weaker near-term setup. Wells Fargo price target update
Negative Sentiment: Alcoa missed Q2 earnings estimates with adjusted EPS of $2.12 versus the $2.25 consensus, which pressured sentiment after the release. Alcoa quarterly earnings data
Negative Sentiment: The company reduced 2026 alumina production guidance to 9.5 million-9.6 million tons because of Pinjarra refinery issues, raising concerns about near-term output and margins. Alcoa cuts full-year alumina guidance

Alcoa Company Profile

(Get Free Report)

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.