Kaiser Aluminum (NASDAQ:KALU) was downgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other research firms also recently commented on KALU. Morgan Stanley lifted their target price on shares of Kaiser Aluminum from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. BidaskClub downgraded shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group started coverage on shares of Kaiser Aluminum in a research report on Monday, July 16th. They set a “hold” rating and a $122.00 target price on the stock. Finally, ValuEngine downgraded shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.88.

NASDAQ:KALU traded down $1.19 during mid-day trading on Monday, hitting $109.69. 60,000 shares of the company’s stock were exchanged, compared to its average volume of 125,155. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.63 and a quick ratio of 2.72. Kaiser Aluminum has a fifty-two week low of $90.93 and a fifty-two week high of $119.66. The company has a market cap of $1.84 billion, a PE ratio of 21.55, a P/E/G ratio of 1.13 and a beta of 0.65.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Monday, July 23rd. The industrial products company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.58 by $0.10. Kaiser Aluminum had a net margin of 3.43% and a return on equity of 12.03%. The business had revenue of $415.00 million for the quarter, compared to the consensus estimate of $398.95 million. During the same period last year, the company earned $1.47 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. equities research analysts expect that Kaiser Aluminum will post 6.52 EPS for the current year.

In other Kaiser Aluminum news, VP Neal E. West sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $103.40, for a total transaction of $74,965.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Melinda C. Ellsworth sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $112.23, for a total transaction of $123,453.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,813 shares of company stock valued at $3,182,406. Company insiders own 3.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KALU. Fisher Asset Management LLC bought a new position in Kaiser Aluminum during the 2nd quarter worth approximately $15,122,000. Robecosam AG raised its holdings in Kaiser Aluminum by 77.9% during the 1st quarter. Robecosam AG now owns 290,000 shares of the industrial products company’s stock worth $29,261,000 after purchasing an additional 127,000 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Kaiser Aluminum during the 2nd quarter worth approximately $10,709,000. The Manufacturers Life Insurance Company raised its holdings in Kaiser Aluminum by 557.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 82,132 shares of the industrial products company’s stock worth $8,287,000 after purchasing an additional 69,634 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in Kaiser Aluminum by 186.7% during the 2nd quarter. TD Asset Management Inc. now owns 96,900 shares of the industrial products company’s stock worth $10,088,000 after purchasing an additional 63,100 shares during the last quarter.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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