Kaiser Aluminum Corp. Coverage Initiated at JPMorgan Chase & Co. (KALU)
Equities research analysts at JPMorgan Chase & Co. began coverage on shares of Kaiser Aluminum Corp. (NASDAQ:KALU) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Kaiser Aluminum Corp. (NASDAQ:KALU) opened at 72.40 on Thursday. Kaiser Aluminum Corp. has a 1-year low of $62.60 and a 1-year high of $74.73. The stock’s 50-day moving average is $71.42 and its 200-day moving average is $70.55. The company has a market cap of $1.294 billion and a P/E ratio of 15.87.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, July 25th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, July 23rd.
Separately, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $73.00 to $76.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.90.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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