Kaiser Aluminum Corp. (KALU) Given Consensus Recommendation of “Hold” by Analysts
Kaiser Aluminum Corp. (NASDAQ:KALU) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $98.50.
KALU has been the topic of a number of research reports. Credit Suisse Group boosted their target price on shares of Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 20th. BidaskClub upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Morgan Stanley boosted their target price on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a report on Thursday, November 16th. Zacks Investment Research cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 target price on the stock. in a report on Tuesday, October 17th.
Kaiser Aluminum (NASDAQ KALU) opened at $112.41 on Friday. The company has a current ratio of 3.75, a quick ratio of 2.55 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1,890.00, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.30 and a beta of 0.54. Kaiser Aluminum has a 1 year low of $74.56 and a 1 year high of $113.99.
In related news, VP Melinda C. Ellsworth sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $99.48, for a total value of $99,480.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in KALU. NEXT Financial Group Inc bought a new position in Kaiser Aluminum in the 3rd quarter worth about $124,000. Flinton Capital Management LLC boosted its stake in Kaiser Aluminum by 54.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,836 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 646 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Kaiser Aluminum by 58.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,899 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 699 shares in the last quarter. Invictus RG boosted its stake in Kaiser Aluminum by 140.9% in the 3rd quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 982 shares in the last quarter. Finally, Amalgamated Bank bought a new position in Kaiser Aluminum in the 2nd quarter worth about $204,000. Institutional investors own 98.03% of the company’s stock.
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Kaiser Aluminum Company Profile
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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