Kaiser Aluminum Corp. (KALU) Receives $105.67 Consensus PT from Brokerages
Kaiser Aluminum Corp. (NASDAQ:KALU) has received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $105.67.
A number of equities research analysts recently weighed in on KALU shares. BidaskClub downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th. Zacks Investment Research raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th.
Shares of NASDAQ:KALU opened at $106.15 on Monday. The company has a quick ratio of 2.15, a current ratio of 3.20 and a debt-to-equity ratio of 0.50. Kaiser Aluminum has a fifty-two week low of $83.29 and a fifty-two week high of $119.66. The stock has a market cap of $1.68 billion, a P/E ratio of 16.20 and a beta of 1.01.
In other Kaiser Aluminum news, CEO Jack A. Hockema sold 1,500 shares of the business’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $100.27, for a total transaction of $150,405.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new position in Kaiser Aluminum during the 4th quarter valued at about $26,000. BlueMountain Capital Management LLC acquired a new position in Kaiser Aluminum during the 3rd quarter valued at about $121,000. LS Investment Advisors LLC boosted its stake in Kaiser Aluminum by 285.9% during the 4th quarter. LS Investment Advisors LLC now owns 1,914 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,418 shares during the period. Paloma Partners Management Co acquired a new position in Kaiser Aluminum during the 3rd quarter valued at about $207,000. Finally, Amalgamated Bank acquired a new position in Kaiser Aluminum during the 4th quarter valued at about $218,000. 97.71% of the stock is owned by hedge funds and other institutional investors.
About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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