Kaiser Aluminum (NASDAQ:KALU) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Kaiser Aluminum (NASDAQ:KALU – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

Separately, JPMorgan Chase & Co. raised their price target on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the company a “neutral” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $78.00.

Read Our Latest Stock Analysis on KALU

Kaiser Aluminum Trading Up 0.9%

Shares of KALU stock opened at $79.31 on Monday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 20.39 and a beta of 1.51. The company has a current ratio of 2.70, a quick ratio of 1.30 and a debt-to-equity ratio of 1.39. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $97.00. The firm has a 50-day moving average price of $80.61 and a 200 day moving average price of $71.86.

Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.72. The firm had revenue of $823.10 million for the quarter, compared to analyst estimates of $786.70 million. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%. Research analysts forecast that Kaiser Aluminum will post 5.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 342 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Kaiser Aluminum in the 2nd quarter worth $44,000. Tower Research Capital LLC TRC increased its position in shares of Kaiser Aluminum by 130.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock valued at $48,000 after buying an additional 343 shares in the last quarter. Aquatic Capital Management LLC lifted its position in Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 784 shares in the last quarter. Finally, McIlrath & Eck LLC bought a new position in Kaiser Aluminum in the fourth quarter valued at $121,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Company Profile

(Get Free Report)

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.

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