Kaiser Aluminum Corporation (NASDAQ: KALU) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Kaiser Aluminum Corporation was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating. They now have a $97.00 price target on the stock, up previously from $96.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/31/2017 – Kaiser Aluminum Corporation was given a new $100.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 7/28/2017 – Kaiser Aluminum Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $108.00 price target on the stock. According to Zacks, “KAISER ALUMINUM is a leading producer of fabricated aluminum products for aerospace and high strength, general engineering, automotive, and custom industrial applications. Repeatedly acknowledged as Best in Class among its global customer base,Their 11 fabrication plants typically produce and ship more than 500 million pounds of product annually. “
  • 7/25/2017 – Kaiser Aluminum Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $87.00 price target on the stock, up previously from $80.00.
  • 7/24/2017 – Kaiser Aluminum Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/21/2017 – Kaiser Aluminum Corporation had its price target raised by analysts at Bank of America Corporation from $79.00 to $85.00. They now have an “underperform” rating on the stock.
  • 7/14/2017 – Kaiser Aluminum Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “KAISER ALUMINUM is a leading producer of fabricated aluminum products for aerospace and high strength, general engineering, automotive, and custom industrial applications. Repeatedly acknowledged as Best in Class among its global customer base,Their 11 fabrication plants typically produce and ship more than 500 million pounds of product annually. “
  • 7/6/2017 – Kaiser Aluminum Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Kaiser Aluminum Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/27/2017 – Kaiser Aluminum Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KAISER ALUMINUM is a leading producer of fabricated aluminum products for aerospace and high strength, general engineering, automotive, and custom industrial applications. Repeatedly acknowledged as Best in Class among its global customer base,Their 11 fabrication plants typically produce and ship more than 500 million pounds of product annually. “
  • 6/24/2017 – Kaiser Aluminum Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/14/2017 – Kaiser Aluminum Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Kaiser Aluminum Corporation (KALU) traded down 0.63% during midday trading on Monday, reaching $96.16. The company had a trading volume of 38,206 shares. The stock has a market capitalization of $1.62 billion, a PE ratio of 21.12 and a beta of 0.54. Kaiser Aluminum Corporation has a 12-month low of $69.41 and a 12-month high of $98.72. The company has a 50-day moving average of $90.65 and a 200-day moving average of $83.23.

Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.46. The business had revenue of $356 million during the quarter, compared to analysts’ expectations of $349.62 million. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. On average, analysts predict that Kaiser Aluminum Corporation will post $5.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Thursday, July 27th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, July 25th. Kaiser Aluminum Corporation’s payout ratio is 44.44%.

In other Kaiser Aluminum Corporation news, CEO Jack A. Hockema sold 9,000 shares of Kaiser Aluminum Corporation stock in a transaction on Monday, July 10th. The stock was sold at an average price of $91.18, for a total transaction of $820,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark Krouse sold 1,500 shares of Kaiser Aluminum Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $96.50, for a total value of $144,750.00. The disclosure for this sale can be found here. Insiders have sold 14,782 shares of company stock valued at $1,342,980 in the last quarter. 3.00% of the stock is owned by company insiders.

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.

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