Favorable Press Coverage Somewhat Unlikely to Impact Kaiser Aluminum (KALU) Stock Price

News coverage about Kaiser Aluminum (NASDAQ:KALU) has trended positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kaiser Aluminum earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.7803881556434 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Kaiser Aluminum (NASDAQ KALU) opened at $111.19 on Tuesday. The company has a current ratio of 3.75, a quick ratio of 2.55 and a debt-to-equity ratio of 0.47. Kaiser Aluminum has a twelve month low of $74.56 and a twelve month high of $111.56. The firm has a market cap of $1,865.16, a P/E ratio of 22.97, a PEG ratio of 1.30 and a beta of 0.54.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $332.80 million during the quarter, compared to analysts’ expectations of $335.37 million. During the same period last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts anticipate that Kaiser Aluminum will post 5.03 EPS for the current fiscal year.

A number of analysts recently issued reports on KALU shares. Credit Suisse Group lifted their target price on Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. BidaskClub upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Morgan Stanley boosted their price target on Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a research note on Thursday, November 16th. Zacks Investment Research downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 price target on the stock. in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $101.29.

In related news, VP Melinda C. Ellsworth sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $99.48, for a total value of $99,480.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

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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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