Somewhat Positive Press Coverage Somewhat Unlikely to Impact Kaiser Aluminum Corporation (KALU) Share Price
News stories about Kaiser Aluminum Corporation (NASDAQ:KALU) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kaiser Aluminum Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.3779675224176 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts recently issued reports on KALU shares. BidaskClub lowered Kaiser Aluminum Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating on shares of Kaiser Aluminum Corporation in a report on Saturday, June 24th. Zacks Investment Research raised Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a report on Tuesday, July 25th. Finally, Cowen and Company lowered Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $96.00 to $97.00 in a report on Monday, August 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $95.57.
Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) traded up 0.46% during trading on Friday, reaching $96.37. The company had a trading volume of 269,662 shares. The company has a market cap of $1.62 billion, a P/E ratio of 21.17 and a beta of 0.54. Kaiser Aluminum Corporation has a 12-month low of $69.41 and a 12-month high of $99.70. The firm has a 50-day moving average of $96.36 and a 200-day moving average of $86.88.
Kaiser Aluminum Corporation (NASDAQ:KALU) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a net margin of 5.87% and a return on equity of 11.71%. The company had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $349.62 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. Kaiser Aluminum Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Kaiser Aluminum Corporation will post $5.47 EPS for the current year.
In other news, Director Carolyn Bartholomew sold 1,000 shares of Kaiser Aluminum Corporation stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $99.00, for a total value of $99,000.00. Following the completion of the transaction, the director now owns 13,344 shares in the company, valued at $1,321,056. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark Krouse sold 1,500 shares of Kaiser Aluminum Corporation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $96.50, for a total transaction of $144,750.00. The disclosure for this sale can be found here. Insiders sold 21,714 shares of company stock valued at $2,036,826 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.
Kaiser Aluminum Corporation Company Profile
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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