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

Alcoa (NYSE:AA) had its price objective cut by JPMorgan Chase & Co. from $55.00 to $52.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 18.62% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada set a $70.00 target price on shares of Alcoa in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of Alcoa from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BMO Capital Markets decreased their price target on shares of Alcoa from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday. Argus set a $73.00 price objective on shares of Alcoa in a research note on Monday, April 27th. Finally, Bank of America lowered their price objective on shares of Alcoa from $57.00 to $51.00 and set an “underperform” rating for the company in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Alcoa has a consensus rating of “Hold” and an average target price of $62.73.

Alcoa Stock Performance

NYSE AA opened at $43.84 on Friday. The business’s 50-day moving average price is $61.70 and its 200 day moving average price is $62.46. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. Alcoa has a twelve month low of $28.11 and a twelve month high of $84.38. The company has a market capitalization of $11.57 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63.

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). Alcoa had a net margin of 9.48% and a return on equity of 19.57%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts predict that Alcoa will post 6.79 earnings per share for the current year.

Institutional Investors Weigh In On Alcoa

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Alcoa by 4.2% in 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 acquiring an additional 462,243 shares during the period. State Street Corp boosted its position in Alcoa by 6.7% during the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock worth $376,871,000 after purchasing an additional 721,063 shares during the period. Geode Capital Management LLC boosted its position in 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 worth $389,621,000 after purchasing an additional 349,426 shares during the period. Bank of New York Mellon Corp increased its holdings in Alcoa by 211.7% in the 4th 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 purchasing an additional 4,247,559 shares in the last quarter. Finally, L1 Capital Pty Ltd increased its holdings in Alcoa by 22.3% in the 3rd quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock valued at $193,646,000 after purchasing an additional 1,073,357 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.