Cowen reissued their hold rating on shares of Kaiser Aluminum (NASDAQ:KALU) in a research report report published on Friday. The firm currently has a $107.00 target price on the industrial products company’s stock.
KALU has been the subject of several other research reports. Zacks Investment Research upgraded Kaiser Aluminum from a sell rating to a hold rating in a research note on Friday, December 1st. BidaskClub downgraded Kaiser Aluminum from a strong-buy rating to a buy rating in a research note on Saturday, February 3rd. Morgan Stanley increased their target price on Kaiser Aluminum from $87.00 to $101.00 and gave the company an equal weight rating in a research note on Thursday, November 16th. Finally, Credit Suisse Group restated a neutral rating and set a $102.00 target price (up previously from $95.00) on shares of Kaiser Aluminum in a research note on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $103.71.
Shares of Kaiser Aluminum (KALU) opened at $105.02 on Friday. Kaiser Aluminum has a 52 week low of $74.56 and a 52 week high of $116.86. The firm has a market capitalization of $1,761.61, a P/E ratio of 40.86, a P/E/G ratio of 1.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.55 and a current ratio of 3.79.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 26th were issued a $0.55 dividend. This is a boost from Kaiser Aluminum’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $2.20 annualized dividend and a yield of 2.09%. Kaiser Aluminum’s dividend payout ratio is 85.60%.
A number of institutional investors have recently bought and sold shares of KALU. NEXT Financial Group Inc acquired a new position in Kaiser Aluminum in the 3rd quarter valued at approximately $124,000. Invictus RG raised its holdings in Kaiser Aluminum by 140.9% in the 3rd quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 982 shares in the last quarter. First Interstate Bank acquired a new position in Kaiser Aluminum in the 4th quarter valued at approximately $182,000. We Are One Seven LLC acquired a new position in Kaiser Aluminum in the 4th quarter valued at approximately $192,000. Finally, Meeder Asset Management Inc. acquired a new position in Kaiser Aluminum in the 3rd quarter valued at approximately $228,000. 99.57% of the stock is owned by hedge funds and other institutional investors.
WARNING: “Kaiser Aluminum (KALU) Given Hold Rating at Cowen” was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3222431/kaiser-aluminum-kalu-given-hold-rating-at-cowen.html.
Kaiser Aluminum Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.