A week ago, Sterne Agee upgraded Kaiser Aluminum from Neutral to Buy. Kaiser Aluminum shares are selling at $69.89, 3.8% above the $67.32 price point of one week ago.
Kaiser Aluminum has potential upside of 5.3% based on a current price of $70.26 and analysts' consensus price target of $74.00. The stock should discover initial support at its 50-day moving average (MA) of $65.01 and subsequent support at its 200-day MA of $62.94.
In the past 52 weeks, shares of Kaiser Aluminum have traded between a low of $40.12 and a high of $70.31 and are now at $70.26, which is 75% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.
Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.