Kaiser Aluminum Corp. Reaches New 12-Month High at $72.76 (KALU)
Kaiser Aluminum Corp. (NASDAQ:KALU)’s share price reached a new 52-week high on Friday, Analyst Ratings.Net reports. The company traded as high as $72.76 and last traded at $72.63, with a volume of 106,146 shares traded. The stock had previously closed at $72.26.
A number of analysts have recently weighed in on KALU shares. Analysts at Sterne Agee upgraded shares of Kaiser Aluminum Corp. (NASDAQ:KALU) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. They now have a $80.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Kaiser Aluminum Corp. (NASDAQ:KALU) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $68.80 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. (NASDAQ:KALU) from $76.00 to $80.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
Kaiser Aluminum Corp. has a 52-week low of $55.27 and a 52-week high of $72.76. The stock’s 50-day moving average is $70.3 and its 200-day moving average is $65.28. The company has a market cap of $1.350 billion and a P/E ratio of 15.47.
Kaiser Aluminum Corp. (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.03. The company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $352.60 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts expect that Kaiser Aluminum Corp. will post $3.93 EPS for the current fiscal year.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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