Morgan Stanley Reiterates Buy Rating on Alcoa Corporation
Morgan Stanley maintains its buy rating on Alcoa with a $79 price target, a 68.41% upside from the current price.
Key Points
- Morgan Stanley, on July 1, 2026, reiterated its buy rating on Alcoa Corporation with a $79 price target.
- Morgan Stanley's $79 price target implies 68.41% upside from Alcoa Corporation's ($AA) current $46.91 share price.
- Alcoa shares traded at $53.16 on Wednesday with a market cap of $13.76 billion and a P/E ratio of 13.37.
- Recent insider buying and analyst ratings from UBS and Wells Fargo support positive sentiment around Alcoa.
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Morgan Stanley has reiterated its buy rating on Alcoa Corporation (NYSE:AA), sticking with a price target of $79. This reaffirmation came on July 1, 2026, from analyst Carlos De Alba. Shares of Alcoa traded at $53.16 on Wednesday.
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Alcoa Corporation Stock Down 6.8%
Shares of NYSE:AA traded near $53.16 on Wednesday. Alcoa Corporation has a market cap of approximately $13.76 billion and a P/E ratio of 13.37. The stock's forward P/E sits at 7.26, with a beta of 1.572, indicating a higher volatility compared to the market. Over the last 52 weeks, the stock ranged between $28.11 and $84.38. The company's 50-day moving average is $66.17, while the 200-day moving average is $54.59. Alcoa maintains a current ratio of 1.484 and a quick ratio of 0.72, with a debt-to-equity ratio of 37.019.
$AA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Alcoa reported revenue of $12.65 billion, reflecting a decline of 5.2%. The company posted an earnings per share (EPS) of $3.90, with a net margin of 8.17% and a return on equity (ROE) of 15.43%. The company is expected to announce its next earnings on July 16, 2026.
Dividend
Alcoa pays an annual dividend rate of $0.40, yielding 0.77% with a payout ratio of 10.26%. The ex-dividend date was not specified in the available data.
Insider Buying and Selling at Alcoa Corporation
On May 8, 2026, several insiders including Brian Galovich, Pasquale Fiore, John Bevan, Carol Roberts, James Alton Hughes, and Roberto De Oliveira Marques each bought 2,532 shares. These transactions were not part of a planned trading program.
Analysts Set New Price Targets
On July 1, 2026, Morgan Stanley reiterated its buy rating for Alcoa with a $79 price target. UBS maintained a buy rating with a $68 target on June 30, 2026, while Wells Fargo upgraded the stock to a buy with a $70 target on May 7, 2026. Overall, the consensus among analysts is a buy rating, with an average target price of $80.79 based on 13 analyst opinions.
About Alcoa Corporation
Alcoa Corporation, headquartered in Pittsburgh, Pennsylvania, is a major player in the basic materials sector, specifically in the aluminum industry. The company engages in bauxite mining, alumina refining, and aluminum production. It operates globally, with activities in countries like Australia, Brazil, Canada, and the United States. Alcoa also generates and sells electricity. The company is led by CEO William F. Oplinger and employs approximately 14,900 people.
Bottom Line
Morgan Stanley's reiteration of a buy rating for Alcoa Corporation reflects continued confidence in the company's prospects. With a solid market position and diverse operations, Alcoa remains a closely watched stock. Remember, 13F filings and analyst ratings are backward-looking and may not reflect the most current market conditions.
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