Wall Street Zen Upgrades Kaiser Aluminum (NASDAQ:KALU) to “Strong-Buy”

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

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Kaiser Aluminum in a report on Tuesday, July 21st. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. UBS Group lifted their price objective on Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Finally, Wells Fargo & Company increased their target price on Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $168.25.

Kaiser Aluminum Trading Up 2.6%

NASDAQ:KALU opened at $163.88 on Friday. The company’s 50 day moving average is $174.86 and its 200-day moving average is $152.54. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 1.10. Kaiser Aluminum has a 12 month low of $71.44 and a 12 month high of $195.96. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 12.15 and a beta of 1.61.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. Kaiser Aluminum’s revenue was up 52.7% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. Equities analysts anticipate that Kaiser Aluminum will post 10.63 EPS for the current year.

Institutional Trading of Kaiser Aluminum

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of Kaiser Aluminum by 389.3% during the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after buying an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 buying an additional 342 shares in the last quarter. Global Retirement Partners LLC grew its position in Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after buying an additional 294 shares in the last quarter. KBC Group NV bought a new position in Kaiser Aluminum during the first quarter valued at about $44,000. Finally, Quantbot Technologies LP bought a new position in Kaiser Aluminum during the second quarter valued at about $44,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi?fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high?value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.