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Equities researchers at Cowen and Company increased their target price on shares of Kaiser Aluminum Corp. (NASDAQ:KALU) from $76.00 to $83.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price would suggest a potential upside of 9.27% from the company’s current price.

Kaiser Aluminum Corp. (NASDAQ:KALU) opened at 75.96 on Friday. Kaiser Aluminum Corp. has a 1-year low of $62.60 and a 1-year high of $76.21. The stock’s 50-day moving average is $72.37 and its 200-day moving average is $70.7. The company has a market cap of $1.362 billion and a price-to-earnings ratio of 15.24.

Kaiser Aluminum Corp. (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.18. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $334.89 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $3.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, July 23rd.

A number of other analysts have also recently weighed in on KALU. Analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $75.70 price target on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Kaiser Aluminum Corp. in a research note on Thursday, July 17th. They set a “neutral” rating and a $78.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $79.94.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products and operates in fabricated products segment.

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