Kaiser Aluminum (KALU) Receives $99.83 Consensus Price Target from Analysts

Kaiser Aluminum (NASDAQ:KALU) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $99.83.

Several equities research analysts recently issued reports on the company. TheStreet upgraded Kaiser Aluminum from a “c+” rating to a “b+” rating in a research note on Wednesday, April 25th. Zacks Investment Research cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Cowen reiterated a “market perform” rating and issued a $97.00 price target (down from $107.00) on shares of Kaiser Aluminum in a research note on Monday, April 30th. Goldman Sachs assumed coverage on Kaiser Aluminum in a research note on Tuesday, March 20th. They issued a “neutral” rating and a $111.00 price target for the company. Finally, ValuEngine upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.

In other Kaiser Aluminum news, VP Neal E. West sold 725 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $103.40, for a total transaction of $74,965.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack A. Hockema sold 9,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $104.01, for a total value of $936,090.00. The disclosure for this sale can be found here. Insiders have sold 24,116 shares of company stock valued at $2,549,367 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KALU. BlackRock Inc. lifted its stake in shares of Kaiser Aluminum by 1.4% in the 1st quarter. BlackRock Inc. now owns 2,183,720 shares of the industrial products company’s stock valued at $220,337,000 after acquiring an additional 30,723 shares during the last quarter. Standard Life Aberdeen plc lifted its stake in shares of Kaiser Aluminum by 4.0% in the 4th quarter. Standard Life Aberdeen plc now owns 631,863 shares of the industrial products company’s stock valued at $67,565,000 after acquiring an additional 24,030 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Kaiser Aluminum by 22.4% in the 4th quarter. Victory Capital Management Inc. now owns 548,604 shares of the industrial products company’s stock valued at $58,618,000 after acquiring an additional 100,461 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Kaiser Aluminum by 0.9% in the 1st quarter. Northern Trust Corp now owns 476,934 shares of the industrial products company’s stock valued at $48,123,000 after acquiring an additional 4,443 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Kaiser Aluminum by 3.4% in the 4th quarter. Macquarie Group Ltd. now owns 456,255 shares of the industrial products company’s stock valued at $48,751,000 after acquiring an additional 15,026 shares during the last quarter. Hedge funds and other institutional investors own 97.88% of the company’s stock.

Shares of Kaiser Aluminum stock traded up $1.55 on Friday, hitting $108.24. The stock had a trading volume of 1,000 shares, compared to its average volume of 118,667. Kaiser Aluminum has a twelve month low of $80.17 and a twelve month high of $116.86. The company has a current ratio of 3.70, a quick ratio of 2.74 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.09 and a beta of 0.62.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $388.00 million during the quarter, compared to analysts’ expectations of $392.66 million. Kaiser Aluminum had a return on equity of 11.60% and a net margin of 2.45%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. equities research analysts predict that Kaiser Aluminum will post 6.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Thursday, April 26th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.03%. The ex-dividend date was Wednesday, April 25th. Kaiser Aluminum’s payout ratio is presently 43.22%.

Kaiser Aluminum Company Profile

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.

Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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