Kaiser Aluminum (NASDAQ:KALU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Kaiser Aluminum (NASDAQ:KALU) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $82.00 to $105.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 13.35% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Wells Fargo & Company upped their target price on shares of Kaiser Aluminum from $90.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.67.

Kaiser Aluminum Trading Down 1.0%

Shares of KALU stock opened at $92.63 on Tuesday. The company’s 50-day moving average price is $79.17 and its 200-day moving average price is $76.31. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 16.75 and a beta of 1.49. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $97.60.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share for the quarter. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The firm had revenue of $765.40 million for the quarter. As a group, equities analysts predict that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Institutional Trading of Kaiser Aluminum

Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Corp purchased a new stake in Kaiser Aluminum during the third quarter worth about $27,000. EverSource Wealth Advisors LLC increased its stake in Kaiser Aluminum by 475.0% during the second 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 stake in Kaiser Aluminum during the second quarter worth about $44,000. Tower Research Capital LLC TRC increased its stake in Kaiser Aluminum by 130.9% during the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 shares during the period. Finally, CWM LLC increased its stake in Kaiser Aluminum by 136.3% during the second quarter. CWM LLC now owns 1,616 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 932 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Company Profile

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.