Sterne Agee started coverage on shares of Kaiser Aluminum (NASDAQ: KALU) in a research report released on Wednesday morning. The firm issued a neutral rating on the stock.

“KALU maintains significant intrinsic value given exposure to a 20% aerospace OEM production rate increase, increasing content on automotive designs and $780 million of NOLs. These NOLs provide above-average FCF which the company reinvests in M&A, capacity expansions and buy-backs. Given industrial headwinds in 1H13 we look to get constructive as demand improves or M&A/capacity expansion enables NOLs, and thus, changes the outlook.,” Sterne Agee’s analyst commented.

Shares of Kaiser Aluminum traded down 0.18% during mid-day trading on Wednesday, hitting $61.13. Kaiser Aluminum has a one year low of $45.65 and a one year high of $65.18. The stock’s 50-day moving average is currently $62.75. The company has a market cap of $1.171 billion and a P/E ratio of 13.76.

A number of other analysts have also recently weighed in on KALU. Analysts at Zacks upgraded shares of Kaiser Aluminum from a neutral rating to an outperform rating in a research note to investors on Tuesday, January 29th. They now have a $66.00 price target on the stock.

Five research analysts have rated the stock with a buy rating, and two have assigned a hold rating to the company. The company has an average rating of overweight and a consensus price target of $71.83.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.