Kaiser Aluminum Corporation (KALU) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Kaiser Aluminum has a consensus “Hold” rating from six analysts, with three buys, two holds and one sell. The average 12-month price target is $166.75 versus a recent share price of $150.49.
• Recent results exceeded expectations: The company reported quarterly EPS of $5.53, well above the $2.66 consensus estimate, while revenue rose 52.7% year over year to $1.26 billion.
• Institutional ownership remains high: Hedge funds and other institutional investors own 99.29% of KALU shares, with several investors recently increasing their positions.

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $166.75.

Several analysts recently weighed in on the company. Zacks Research downgraded Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 25th. UBS Group upgraded Kaiser Aluminum from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $179.00 to $184.00 in a research note on Monday, August 31st. Wells Fargo & Company raised Kaiser Aluminum from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $169.00 to $160.00 in a report on Friday, September 18th. Wall Street Zen raised Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 2nd. Finally, Weiss Ratings cut Kaiser Aluminum from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 2nd.

Kaiser Aluminum Price Performance

Shares of KALU opened at $150.49 on Tuesday. The stock has a market cap of $2.46 billion, a PE ratio of 11.16 and a beta of 1.59. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50. Kaiser Aluminum has a fifty-two week low of $77.24 and a fifty-two week high of $199.89. The firm's 50-day simple moving average is $160.70 and its two-hundred day simple moving average is $163.89.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The business's revenue for the quarter was up 52.7% on a year-over-year basis. Analysts anticipate that Kaiser Aluminum will post 13.40 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kaiser Aluminum

Several large investors have recently modified their holdings of KALU. GAMMA Investing LLC boosted its stake in Kaiser Aluminum by 18.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,063 shares of the industrial products company's stock worth $154,000 after purchasing an additional 166 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Kaiser Aluminum by 32.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 400 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 98 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Kaiser Aluminum by 11.4% in the second quarter. QRG Capital Management Inc. now owns 3,005 shares of the industrial products company's stock worth $588,000 after buying an additional 308 shares during the last quarter. Tidal Investments LLC purchased a new position in Kaiser Aluminum in the second quarter worth about $1,355,000. Finally, Engineers Gate Manager LP raised its holdings in Kaiser Aluminum by 33.5% in the second quarter. Engineers Gate Manager LP now owns 10,333 shares of the industrial products company's stock worth $2,021,000 after buying an additional 2,593 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a manufacturer of semi-fabricated aluminum products serving customers in the aerospace, automotive, industrial, packaging, and other end markets. The company produces engineered aluminum products designed for applications that require characteristics such as strength, light weight, corrosion resistance, and thermal conductivity.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other specialty products.

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