Kaiser Aluminum (NASDAQ:KALU) Upgraded by Wall Street Zen to “Buy” Rating

Kaiser Aluminum (NASDAQ:KALU) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other equities research analysts have also issued research reports about the stock. Benchmark cut their price target on shares of Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, July 28th.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $75.30 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of 19.36 and a beta of 1.51. The company’s fifty day moving average is $80.73 and its 200 day moving average is $71.55. Kaiser Aluminum has a 52 week low of $46.81 and a 52 week high of $97.00. The company has a quick ratio of 1.30, a current ratio of 2.70 and a debt-to-equity ratio of 1.39.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.72. The company 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%. Research analysts anticipate that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors and hedge funds have recently modified their holdings of KALU. EverSource Wealth Advisors LLC lifted its position in shares of Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 342 shares during the period. Quantbot Technologies LP purchased a new position in Kaiser Aluminum during the 2nd quarter valued at about $44,000. Tower Research Capital LLC TRC lifted its position in Kaiser Aluminum by 130.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 343 shares during the period. Aquatic Capital Management LLC lifted its position 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 valued at $118,000 after acquiring an additional 784 shares during the period. Finally, McIlrath & Eck LLC purchased a new position in Kaiser Aluminum during the 4th quarter valued at about $121,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

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