Kaiser Aluminum (NASDAQ:KALU) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Kaiser Aluminum's stock received a "hold (C+)" rating from Weiss Ratings, while its consensus rating across analysts stands as "hold" with an average target price of $82.00.
• JPMorgan Chase raised its target price for Kaiser Aluminum from $64.00 to $82.00, and Wells Fargo initiated coverage with an "overweight" rating and a target price of $90.00.
• The company reported $1.21 earnings per share for its latest quarter, significantly surpassing analyst expectations of $0.49, with revenues reaching $823.10 million.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

KALU has been the topic of several other research reports. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wells Fargo & Company began coverage on shares of Kaiser Aluminum in a research note on Wednesday. They issued an "overweight" rating and a $90.00 target price on the stock. Zacks Research downgraded shares of Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $82.00.

Kaiser Aluminum Price Performance

Shares of KALU opened at $82.06 on Wednesday. The stock has a market cap of $1.33 billion, a PE ratio of 21.10 and a beta of 1.49. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.30 and a current ratio of 2.70. Kaiser Aluminum has a fifty-two week low of $46.81 and a fifty-two week high of $97.00. The firm's 50-day simple moving average is $76.36 and its two-hundred day simple moving average is $73.33.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 342 shares during the period. Quantbot Technologies LP bought a new position in Kaiser Aluminum in the second quarter worth approximately $44,000. Tower Research Capital LLC TRC raised its position in Kaiser Aluminum by 130.9% in the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company's stock worth $48,000 after acquiring an additional 343 shares during the period. CWM LLC raised its position in Kaiser Aluminum by 136.3% in the second quarter. CWM LLC now owns 1,616 shares of the industrial products company's stock worth $129,000 after acquiring an additional 932 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Kaiser Aluminum by 50.3% in the second quarter. BNP Paribas Financial Markets now owns 1,748 shares of the industrial products company's stock worth $140,000 after acquiring an additional 585 shares during the period. Institutional investors own 99.29% of the company's stock.

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.

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