Kaiser Aluminum (KALU) Downgraded by BidaskClub to Buy

Kaiser Aluminum (NASDAQ:KALU) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, February 3rd.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Morgan Stanley upped their target price on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. Credit Suisse Group increased their price objective on shares of Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Cowen set a $97.00 price objective on shares of Kaiser Aluminum and gave the company a “hold” rating in a report on Thursday, October 12th. 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 report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Kaiser Aluminum currently has a consensus rating of “Hold” and an average target price of $101.29.

Shares of Kaiser Aluminum (NASDAQ KALU) opened at $105.19 on Friday. Kaiser Aluminum has a 12-month low of $74.56 and a 12-month high of $116.86. The company has a market capitalization of $1,776.25, a P/E ratio of 21.73, a PEG ratio of 1.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.75 and a quick ratio of 2.55.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in Kaiser Aluminum by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,140 shares of the industrial products company’s stock valued at $544,000 after acquiring an additional 62 shares in the last quarter. California Public Employees Retirement System boosted its stake in Kaiser Aluminum by 0.3% in the second quarter. California Public Employees Retirement System now owns 39,400 shares of the industrial products company’s stock valued at $3,488,000 after acquiring an additional 100 shares in the last quarter. Teachers Advisors LLC boosted its stake in Kaiser Aluminum by 1.8% in the second quarter. Teachers Advisors LLC now owns 30,724 shares of the industrial products company’s stock valued at $2,720,000 after acquiring an additional 529 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Kaiser Aluminum by 5.5% during the second quarter. Thrivent Financial For Lutherans now owns 10,370 shares of the industrial products company’s stock worth $918,000 after buying an additional 539 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Kaiser Aluminum by 2.5% during the second quarter. Alliancebernstein L.P. now owns 25,070 shares of the industrial products company’s stock worth $2,219,000 after buying an additional 600 shares during the period. Institutional investors own 98.77% of the company’s stock.

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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.

Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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