Kaiser Aluminum (NASDAQ:KALU) Given New $82.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Kaiser Aluminum (NASDAQ:KALU) from $64.00 to $82.00, maintaining a "neutral" rating.
• Other analysts have given mixed ratings, with Wall Street Zen upgrading to a "buy" and Benchmark lowering its price target to $74.00.
• Kaiser Aluminum reported $1.21 EPS for the last quarter, exceeding estimates by $0.72, with revenue of $823.1 million also surpassing expectations.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $64.00 to $82.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 6.07% from the stock's current price.

A number of other equities research analysts also recently issued reports on KALU. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Benchmark reduced their price target on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen raised shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.

Kaiser Aluminum Trading Down 0.7%

NASDAQ:KALU traded down $0.55 on Monday, hitting $77.31. The stock had a trading volume of 267,793 shares, compared to its average volume of 139,896. The company has a quick ratio of 1.30, a current ratio of 2.70 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 19.87 and a beta of 1.44. The company has a fifty day moving average price of $80.61 and a two-hundred day moving average price of $71.39. Kaiser Aluminum has a 1-year low of $46.81 and a 1-year high of $97.00.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.72. The business had revenue of $823.10 million for the quarter, compared to the consensus estimate of $786.70 million. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. Equities research analysts expect that Kaiser Aluminum will post 5.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kaiser Aluminum

Several large investors have recently added to or reduced their stakes in KALU. Aquatic Capital Management LLC increased its stake in Kaiser Aluminum by 87.1% during the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after buying an additional 784 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Kaiser Aluminum in the 4th quarter valued at approximately $121,000. Tower Research Capital LLC TRC increased its position in shares of Kaiser Aluminum by 325.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock valued at $124,000 after purchasing an additional 1,352 shares during the last quarter. CWM LLC increased its position in shares of Kaiser Aluminum by 136.3% in the 2nd quarter. CWM LLC now owns 1,616 shares of the industrial products company's stock valued at $129,000 after purchasing an additional 932 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of Kaiser Aluminum by 385.7% in the 1st quarter. AlphaQuest LLC now owns 3,162 shares of the industrial products company's stock valued at $192,000 after purchasing an additional 2,511 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Company Profile

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.