Kaiser Aluminum Corp. rating increased to neutral at Zacks

Kaiser Aluminum Corp. was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Friday. The firm currently has a $72.20 price target on the stock. Zacks‘s target price would suggest a potential upside of 0.52% from the company’s current price.

Shares of Kaiser Aluminum Corp. opened at 71.83 on Friday. Kaiser Aluminum Corp. has a 52 week low of $66.43 and a 52 week high of $81.62. The stock’s 50-day moving average is $72. and its 200-day moving average is $74.48. The company has a market cap of $1.269 billion and a price-to-earnings ratio of 16.00.

Kaiser Aluminum Corp. last issued its quarterly earnings data on Monday, October 20th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.23. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $341.30 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $3.37 earnings per share for the current fiscal year.

In other Kaiser Aluminum Corp. news, EVP John Malcolm Donnan sold 1,500 shares of the company’s stock on the open market in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.96, for a total value of $106,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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