Kaiser Aluminum Corporation (NASDAQ:KALU) Stock Has Consensus Target Price of $166.75 According to Brokerages

Kaiser Aluminum Corporation (NASDAQ:KALU) has earned an average rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $166.75.

A number of research analysts have recently issued reports on KALU shares. Weiss Ratings downgraded Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. Wells Fargo & Company upgraded Kaiser Aluminum from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $169.00 to $160.00 in a report on Friday, September 18th. UBS Group upgraded Kaiser Aluminum from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $179.00 to $184.00 in a report on Monday, August 31st. Finally, KeyCorp decreased their target price on Kaiser Aluminum from $183.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday.

Kaiser Aluminum Stock Performance

KALU stock opened at $150.49 on Tuesday. The stock has a market capitalization of $2.46 billion, a PE ratio of 11.16 and a beta of 1.59. Kaiser Aluminum has a 12-month low of $77.24 and a 12-month high of $199.89. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10. The stock’s 50 day simple moving average is $160.70 and its 200 day simple moving average is $163.89.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, beating the consensus estimate of $2.66 by $2.87. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.12 billion. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%. The company’s revenue was up 52.7% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. As a group, research analysts forecast that Kaiser Aluminum will post 13.40 earnings per share for the current fiscal year.

Institutional Trading of Kaiser Aluminum

A number of large investors have recently made changes to their positions in KALU. Oregon Public Employees Retirement Fund grew its stake in shares of Kaiser Aluminum by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 62 shares during the period. Allworth Financial LP increased its position in shares of Kaiser Aluminum by 146.6% during the 2nd quarter. Allworth Financial LP now owns 143 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 85 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Kaiser Aluminum by 32.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 400 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 98 shares during the period. Nykredit A S bought a new position in shares of Kaiser Aluminum in the 2nd quarter worth approximately $30,000. Finally, Amundi lifted its stake in shares of Kaiser Aluminum by 7.4% in the 1st quarter. Amundi now owns 2,391 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 165 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a manufacturer of semi-fabricated aluminum products serving customers in the aerospace, automotive, industrial, packaging, and other end markets. The company produces engineered aluminum products designed for applications that require characteristics such as strength, light weight, corrosion resistance, and thermal conductivity.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other specialty products.