Investment Analysts’ Weekly Ratings Updates for Kaiser Aluminum Corporation (KALU)

Several brokerages have updated their recommendations and price targets on shares of Kaiser Aluminum Corporation (NASDAQ: KALU) in the last few weeks:

  • 7/24/2017 – Kaiser Aluminum Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/21/2017 – Kaiser Aluminum Corporation had its price target raised by analysts at Bank of America Corporation from $79.00 to $85.00. They now have an “underperform” rating on the stock.
  • 7/14/2017 – Kaiser Aluminum Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “KAISER ALUMINUM is a leading producer of fabricated aluminum products for aerospace and high strength, general engineering, automotive, and custom industrial applications. Repeatedly acknowledged as Best in Class among its global customer base,Their 11 fabrication plants typically produce and ship more than 500 million pounds of product annually. “
  • 7/6/2017 – Kaiser Aluminum Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Kaiser Aluminum Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/27/2017 – Kaiser Aluminum Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KAISER ALUMINUM is a leading producer of fabricated aluminum products for aerospace and high strength, general engineering, automotive, and custom industrial applications. Repeatedly acknowledged as Best in Class among its global customer base,Their 11 fabrication plants typically produce and ship more than 500 million pounds of product annually. “
  • 6/24/2017 – Kaiser Aluminum Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/14/2017 – Kaiser Aluminum Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Kaiser Aluminum Corporation (NASDAQ KALU) traded up 0.23% during trading on Tuesday, hitting $97.47. The stock had a trading volume of 137,903 shares. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 21.41 and a beta of 0.52. Kaiser Aluminum Corporation has a 52-week low of $69.41 and a 52-week high of $98.72. The company has a 50-day moving average price of $88.87 and a 200-day moving average price of $82.48.

Kaiser Aluminum Corporation (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.01 by $0.46. The firm had revenue of $356 million during the quarter, compared to analyst estimates of $349.62 million. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. Kaiser Aluminum Corporation’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 EPS. Equities research analysts forecast that Kaiser Aluminum Corporation will post $5.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Thursday, July 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.05%. The ex-dividend date is Tuesday, July 25th. Kaiser Aluminum Corporation’s dividend payout ratio is currently 44.44%.

In related news, VP Ray Parkinson sold 2,000 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $80.75, for a total value of $161,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack A. Hockema sold 9,000 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $91.18, for a total transaction of $820,620.00. The disclosure for this sale can be found here. Insiders sold a total of 16,877 shares of company stock valued at $1,486,665 in the last ninety days. 3.00% of the stock is currently owned by insiders.

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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