Kaiser Aluminum (NASDAQ:KALU) Upgraded by StockNews.com to “Hold”

Kaiser Aluminum (NASDAQ:KALU) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $69.00 to $70.00 in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.75.

Kaiser Aluminum Stock Up 3.2 %

KALU opened at $58.22 on Friday. The business has a 50 day simple moving average of $70.16 and a 200-day simple moving average of $70.05. Kaiser Aluminum has a 12 month low of $53.67 and a 12 month high of $97.58. The stock has a market capitalization of $932.34 million, a P/E ratio of 71.88 and a beta of 1.34. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.68 and a quick ratio of 1.35.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The business had revenue of $744.00 million during the quarter, compared to analyst estimates of $788.00 million. Kaiser Aluminum had a net margin of 0.43% and a return on equity of 2.77%. Kaiser Aluminum’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. On average, equities analysts anticipate that Kaiser Aluminum will post 1.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Kaiser Aluminum by 314.4% in the first quarter. Tower Research Capital LLC TRC now owns 518 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 393 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Kaiser Aluminum by 540.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 544 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 459 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Kaiser Aluminum during the second quarter worth about $45,000. NewEdge Advisors LLC raised its position in shares of Kaiser Aluminum by 2,214.3% in the first quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company’s stock valued at $60,000 after buying an additional 775 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Kaiser Aluminum during the second quarter valued at approximately $80,000.

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. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.