Kaiser Aluminum (KALU) Given Media Impact Score of 0.24
News coverage about Kaiser Aluminum (NASDAQ:KALU) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kaiser Aluminum earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.4803150299469 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
KALU has been the topic of several recent research reports. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley lifted their target price 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. Credit Suisse Group lifted their target price 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. 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 research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $101.29.
Shares of Kaiser Aluminum (KALU) opened at $99.71 on Friday. Kaiser Aluminum has a one year low of $74.56 and a one year high of $108.99. 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 $1,700.00, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.31 and a beta of 0.54.
Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.19). Kaiser Aluminum had a return on equity of 11.45% and a net margin of 6.18%. The business had revenue of $332.80 million for the quarter, compared to analyst estimates of $335.37 million. During the same period last year, the firm earned $1.02 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. sell-side analysts forecast that Kaiser Aluminum will post 5.03 earnings per share for the current year.
In other news, CEO Jack A. Hockema sold 9,000 shares of Kaiser Aluminum stock in a transaction on Friday, September 29th. The stock was sold at an average price of $102.67, for a total transaction of $924,030.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Melinda C. Ellsworth sold 1,000 shares of Kaiser Aluminum stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $99.48, for a total value of $99,480.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,982 shares of company stock worth $1,637,622. 3.00% of the stock is currently owned by corporate insiders.
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About Kaiser Aluminum
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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