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    Kaiser Aluminum Corp. Upgraded to Outperform by Zacks (KALU)

  • China Aluminium Network
  • Post Time: 2014/7/25
  • Click Amount: 394

    Kaiser Aluminum Corp. (NASDAQ:KALU) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a $75.70 price objective on the stock. Zacks‘s target price would indicate a potential upside of 4.30% from the stock’s previous close.

    Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 2.92% on Thursday, hitting $74.70. The stock had a trading volume of 146,225 shares. Kaiser Aluminum Corp. has a one year low of $62.60 and a one year high of $74.83. The stock has a 50-day moving average of $72.08 and a 200-day moving average of $70.6. The company has a market cap of $1.335 billion and a P/E ratio of 15.89.

    Kaiser Aluminum Corp. (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.18. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $334.89 million. During the same quarter last year, the company posted $0.91 earnings per share. Kaiser Aluminum Corp.’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Kaiser Aluminum Corp. will post $3.61 EPS for the current fiscal year.

    The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, July 25th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, July 23rd.

    Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Kaiser Aluminum Corp. in a research note on Thursday, July 17th. They set a “neutral” rating and a $78.00 price target on the stock. Analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $73.00 to $76.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $77.54.

    Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.

    Source: http://tickerreport.com
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