Kaiser Aluminum Corporation (NASDAQ:KALU) Given Average Recommendation of “Hold” by Brokerages

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have received an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $82.00.

Several brokerages have recently weighed in on KALU. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Wednesday. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Wells Fargo & Company began coverage on Kaiser Aluminum in a research note on Wednesday. They set an “overweight” rating and a $90.00 target price for the company. Wall Street Zen raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. upped their target price on Kaiser Aluminum from $64.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $77.57 on Friday. The business’s 50 day moving average price is $76.37 and its 200 day moving average price is $73.40. The firm has a market cap of $1.25 billion, a P/E ratio of 19.94 and a beta of 1.49. Kaiser Aluminum has a 52 week low of $46.81 and a 52 week high of $97.00. The company has a quick ratio of 1.30, a current ratio of 2.70 and a debt-to-equity ratio of 1.39.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%.The company had revenue of $765.40 million during the quarter. On average, sell-side analysts expect that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Institutional Trading of Kaiser Aluminum

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in Kaiser Aluminum in the 1st quarter valued at $674,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Kaiser Aluminum in the 1st quarter valued at $1,598,000. Voya Investment Management LLC grew its holdings in Kaiser Aluminum by 40.5% in the 1st quarter. Voya Investment Management LLC now owns 18,628 shares of the industrial products company’s stock valued at $1,129,000 after buying an additional 5,372 shares in the last quarter. Virtu Financial LLC purchased a new stake in Kaiser Aluminum in the 1st quarter valued at $430,000. Finally, QRG Capital Management Inc. grew its holdings in Kaiser Aluminum by 16.8% in the 1st quarter. QRG Capital Management Inc. now owns 4,189 shares of the industrial products company’s stock valued at $254,000 after buying an additional 601 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.