Benchmark Reiterates Buy Rating for Kaiser Aluminum (NASDAQ:KALU)

Kaiser Aluminum (NASDAQ:KALU)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research report issued on Friday, Benzinga reports. They presently have a $84.00 price objective on the industrial products company’s stock. Benchmark’s price objective suggests a potential downside of 6.73% from the company’s current price.

Several other brokerages also recently commented on KALU. UBS Group started coverage on Kaiser Aluminum in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.00.

Kaiser Aluminum Stock Down 0.1 %

Shares of Kaiser Aluminum stock traded down $0.11 during trading on Friday, hitting $90.06. 18,425 shares of the stock traded hands, compared to its average volume of 136,867. The stock has a market cap of $1.44 billion, a P/E ratio of 30.88 and a beta of 1.38. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.39 and a current ratio of 2.68. Kaiser Aluminum has a twelve month low of $53.67 and a twelve month high of $95.56. The company has a fifty day moving average price of $79.01 and a two-hundred day moving average price of $69.19.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm had revenue of $722.00 million during the quarter, compared to analyst estimates of $716.01 million. During the same period in the previous year, the company earned ($1.66) EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts predict that Kaiser Aluminum will post 3.65 EPS for the current fiscal year.

Institutional Trading of Kaiser Aluminum

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Kaiser Aluminum by 4.0% in the second quarter. BlackRock Inc. now owns 2,734,901 shares of the industrial products company’s stock valued at $195,928,000 after acquiring an additional 104,632 shares during the period. Vanguard Group Inc. boosted its stake in Kaiser Aluminum by 2.2% in the third quarter. Vanguard Group Inc. now owns 1,902,149 shares of the industrial products company’s stock worth $116,697,000 after purchasing an additional 40,795 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Kaiser Aluminum by 3.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,383,255 shares of the industrial products company’s stock worth $105,072,000 after purchasing an additional 51,754 shares in the last quarter. Finally, State Street Corp boosted its stake in Kaiser Aluminum by 30.6% in the first quarter. State Street Corp now owns 1,132,280 shares of the industrial products company’s stock worth $106,615,000 after purchasing an additional 265,426 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

About Kaiser Aluminum

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.