Alcoa (NYSE:AA) Stock Gets Price Target Reduction from Citigroup

Posted by George Bondi on Oct 23rd, 2026

Alcoa (NYSE:AA – Free Report) had its price objective lowered by Citigroup from $76.00 to $56.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other brokerages also recently weighed in on AA. JPMorgan Chase & Co. lowered their target price on Alcoa from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. DA Davidson set a $62.00 price target on Alcoa in a report on Tuesday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Alcoa in a research report on Friday, October 16th. Freedom Broker lowered their price objective on shares of Alcoa from $76.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Zacks Research upgraded shares of Alcoa from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.23.

Check Out Our Latest Report on AA

Alcoa Trading Down 5.2%

NYSE:AA opened at $38.62 on Tuesday. Alcoa has a 52 week low of $35.12 and a 52 week high of $84.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.31. The firm’s fifty day moving average is $46.02 and its 200-day moving average is $55.15. The firm has a market cap of $10.19 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.60 and a beta of 1.74.

Alcoa (NYSE:AA – Get Free Report) last announced its earnings results on Thursday, October 15th. The industrial products company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.51 by $0.31. Alcoa had a return on equity of 24.58% and a net margin of 10.77%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts expect that Alcoa will post 6.65 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 27th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. Alcoa’s dividend payout ratio (DPR) is currently 6.91%.

Insider Transactions at Alcoa

In related news, EVP Renato Bacchi sold 700 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $51.02, for a total value of $35,714.00. Following the completion of the sale, the executive vice president directly owned 74,930 shares of the company’s stock, valued at $3,822,928.60. The trade was a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tammi Jones sold 15,628 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $50.60, for a total value of $790,776.80. Following the transaction, the executive vice president directly owned 39,819 shares in the company, valued at approximately $2,014,841.40. This trade represents a 28.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On Alcoa

Several hedge funds and other institutional investors have recently modified their holdings of the company. Checchi Capital Advisers LLC raised its position in shares of Alcoa by 3.4% during the first quarter. Checchi Capital Advisers LLC now owns 5,138 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 170 shares during the period. Essential Partners LLC grew its position in Alcoa by 0.9% in the 1st quarter. Essential Partners LLC now owns 20,525 shares of the industrial products company’s stock valued at $1,361,000 after purchasing an additional 193 shares during the period. Himension Capital Singapore PTE. LTD. grew its position in Alcoa by 1.3% in the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 18,626 shares of the industrial products company’s stock valued at $1,235,000 after purchasing an additional 246 shares during the period. Sage Rhino Capital LLC increased its stake in Alcoa by 7.0% during the 1st quarter. Sage Rhino Capital LLC now owns 4,276 shares of the industrial products company’s stock valued at $284,000 after purchasing an additional 279 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Alcoa by 4.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,373 shares of the industrial products company’s stock worth $332,000 after buying an additional 282 shares during the last quarter.

More Alcoa News

Here are the key news stories impacting Alcoa this week:

Positive Sentiment: Alcoa’s reported average analyst price target is $58.23, substantially above the current share price, suggesting potential upside if aluminum pricing and margins stabilize. Alcoa Stock Has Average Price Target of $58.23
Neutral Sentiment: Morgan Stanley maintained a Hold rating on Alcoa, indicating limited conviction that the stock’s risk-reward profile has improved enough to warrant a more bullish stance. Alcoa Gets a Hold from Morgan Stanley
Neutral Sentiment: Argus separately reaffirmed its Hold rating, underscoring a cautious consensus despite the firm’s reported downgrade-related concerns. Argus Alcoa Rating
Negative Sentiment: Argus downgraded Alcoa, warning that weaker pricing and rising worldwide aluminum supply could compress near-term margins and profits. The downgrade directly contributed to the shares’ decline. Alcoa Shares Fall After Argus Downgrade
Negative Sentiment: Citigroup, B. Riley Financial, and Freedom Broker each issued or maintained more pessimistic expectations for Alcoa’s stock, adding to the broader analyst caution surrounding the company. Citigroup Forecast

Alcoa Company Profile

(Get Free Report)

Alcoa Corporation (NYSE:AA) is a global producer of bauxite, alumina and aluminum. Its operations span the aluminum value chain, including bauxite mining, alumina refining, aluminum smelting, casting and the production of value-added aluminum products. These materials serve customers in industries such as transportation, building and construction, packaging, aerospace and industrial manufacturing.

The company operates across multiple regions, with assets and activities in North America, South America, Europe, Australia and other international markets.