Kaiser Aluminum (KALU) Cut to “Buy” at BidaskClub
BidaskClub downgraded shares of Kaiser Aluminum (NASDAQ:KALU) from a strong-buy rating to a buy rating in a report released on Saturday morning.
KALU has been the subject of a number of other research reports. Credit Suisse Group raised their price objective on shares of Kaiser Aluminum from $90.00 to $95.00 and gave the stock a neutral rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Kaiser Aluminum from a hold rating to a buy rating and set a $118.00 price objective for the company in a research note on Friday, October 6th. Cowen set a $97.00 price objective on shares of Kaiser Aluminum and gave the stock a hold rating in a research note on Thursday, October 12th. Deutsche Bank lowered shares of Kaiser Aluminum from a buy rating to a hold rating and set a $104.00 price objective for the company. in a research note on Tuesday, October 17th. Finally, Morgan Stanley raised their price objective on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the stock an equal weight rating in a research note on Thursday, November 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Kaiser Aluminum has an average rating of Hold and a consensus target price of $101.29.
Kaiser Aluminum (NASDAQ:KALU) traded down $3.38 during trading on Friday, reaching $106.62. 119,627 shares of the company were exchanged, compared to its average volume of 110,574. Kaiser Aluminum has a 1 year low of $74.56 and a 1 year high of $116.86. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1,802.30, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.56.
Hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new stake in Kaiser Aluminum in the 3rd quarter worth approximately $124,000. Flinton Capital Management LLC lifted its position 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 buying an additional 646 shares in the last quarter. Invictus RG lifted its position 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 buying an additional 982 shares in the last quarter. Amalgamated Bank purchased a new stake in Kaiser Aluminum in the 2nd quarter worth approximately $204,000. Finally, Meeder Asset Management Inc. purchased a new stake in Kaiser Aluminum in the 3rd quarter worth approximately $228,000. Institutional investors own 99.75% of the company’s stock.
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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