Kaiser Aluminum Corp. (KALU) Trading 2.5% Higher
Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 2.5% during mid-day trading on Thursday . The stock traded as high as $86.45 and last traded at $85.87, with a volume of 143,767 shares trading hands. The stock had previously closed at $83.77.
Several equities research analysts have recently issued reports on the company. Credit Suisse Group AG set a $85.00 price target on Kaiser Aluminum Corp. and gave the company a “hold” rating in a research report on Wednesday, July 20th. Bank of America Corp. downgraded Kaiser Aluminum Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $94.00 to $92.00 in a research report on Wednesday, July 20th. Zacks Investment Research downgraded Kaiser Aluminum Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Goldman Sachs Group Inc. began coverage on Kaiser Aluminum Corp. in a research report on Thursday, May 19th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.33.
The firm has a market capitalization of $1.52 billion and a PE ratio of 17.22. The company has a 50-day moving average price of $86.18 and a 200 day moving average price of $85.01.
Kaiser Aluminum Corp. (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.38 by $0.36. The business had revenue of $335 million for the quarter, compared to analysts’ expectations of $351.72 million. During the same quarter in the previous year, the business earned $1.27 earnings per share. Kaiser Aluminum Corp.’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts expect that Kaiser Aluminum Corp. will post $5.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, July 25th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $1.80 annualized dividend and a yield of 2.11%.
An institutional investor recently bought a new position in Kaiser Aluminum Corp. stock. Airain ltd purchased a new stake in Kaiser Aluminum Corp. (NASDAQ:KALU) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,059 shares of the company’s stock, valued at approximately $1,009,000. Airain ltd owned about 0.07% of Kaiser Aluminum Corp. at the end of the most recent reporting period.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures aluminum plate and sheet, and extruded and drawn products, primarily used in aerospace/high strength, automotive, general engineering and other industrial end market applications.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.