Kaiser Aluminum Corp. Sets New 1-Year High at $81.34 (KALU)
Kaiser Aluminum Corp. (NASDAQ:KALU) shares hit a new 52-week high during mid-day trading on Tuesday , Stock Ratings Network.com reports. The company traded as high as $81.34 and last traded at $81.34, with a volume of 92,228 shares changing hands. The stock had previously closed at $79.95.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Kaiser Aluminum Corp. in a research note on Friday, July 25th. They now have a $85.00 price target on the stock, up previously from $80.00. Separately, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $76.00 to $83.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $75.70 price target on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $79.94.
The stock’s 50-day moving average is $76.29 and its 200-day moving average is $72.15. The company has a market cap of $1.431 billion and a price-to-earnings ratio of 16.21.
Kaiser Aluminum Corp. (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $3.74 earnings per share for the current fiscal year.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products and operates in fabricated products segment.
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