Kaiser Aluminum Corp. set a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $70.68 and last traded at $69.11, with a volume of 46,320 shares. The stock had previously closed at $69.12.
KALU has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. They now have a $80.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Kaiser Aluminum Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $68.80 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $76.00 to $80.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
Kaiser Aluminum Corp. has a 52 week low of $55.25 and a 52 week high of $70.44. The stock has a 50-day moving average of $66.85 and a 200-day moving average of $63.85. The company has a market cap of $1.290 billion and a price-to-earnings ratio of 14.80.
Kaiser Aluminum Corp. last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.03. The company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $352.60 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $3.93 earnings per share for the current fiscal year.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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