Kaiser Aluminum Corporation (NASDAQ:KALU) had its price objective upped by equities research analysts at Morgan Stanley from $87.00 to $101.00 in a note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 6.18% from the company’s previous close.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Kaiser Aluminum Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Cowen and Company downgraded Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $96.00 to $97.00 in a research report on Monday, August 7th. They noted that the move was a valuation call. BidaskClub raised Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Deutsche Bank AG downgraded Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating and set a $104.00 target price on the stock. in a research report on Tuesday, October 17th. Finally, Bank of America Corporation lifted their target price on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $99.00.

Shares of Kaiser Aluminum Corporation (NASDAQ KALU) opened at $95.12 on Thursday. The company has a market capitalization of $1,581.35, a PE ratio of 18.13, a PEG ratio of 1.24 and a beta of 0.56. Kaiser Aluminum Corporation has a twelve month low of $74.56 and a twelve month high of $108.99. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47.

Kaiser Aluminum Corporation (NASDAQ:KALU) last released its earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.19). The company had revenue of $332.80 million during the quarter, compared to analyst estimates of $335.37 million. Kaiser Aluminum Corporation had a net margin of 6.18% and a return on equity of 11.45%. Kaiser Aluminum Corporation’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. sell-side analysts anticipate that Kaiser Aluminum Corporation will post 5.05 EPS for the current year.

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In other Kaiser Aluminum Corporation news, Director Carolyn Bartholomew sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $99.00, for a total transaction of $99,000.00. Following the transaction, the director now owns 13,344 shares of the company’s stock, valued at $1,321,056. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jack A. Hockema sold 5,982 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $102.66, for a total value of $614,112.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,982 shares of company stock worth $1,736,622. Company insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc acquired a new position in shares of Kaiser Aluminum Corporation in the third quarter valued at approximately $124,000. First Mercantile Trust Co. grew its position in shares of Kaiser Aluminum Corporation by 1.4% in the second quarter. First Mercantile Trust Co. now owns 1,430 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 20 shares during the last quarter. Flinton Capital Management LLC grew its position in shares of Kaiser Aluminum Corporation by 54.3% in the second quarter. Flinton Capital Management LLC now owns 1,836 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 646 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Kaiser Aluminum Corporation by 58.3% in the second quarter. Riverhead Capital Management LLC now owns 1,899 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 699 shares during the last quarter. Finally, Invictus RG grew its position in shares of Kaiser Aluminum Corporation by 140.9% in the third quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 982 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.

About Kaiser Aluminum Corporation

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.

Analyst Recommendations for Kaiser Aluminum Corporation (NASDAQ:KALU)

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