JPMorgan Chase & Co. Increases Kaiser Aluminum (NASDAQ:KALU) Price Target to $124.00

Kaiser Aluminum (NASDAQ:KALU) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $118.00 to $124.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 0.24% from the company’s current price.

Several other research firms also recently weighed in on KALU. Wall Street Zen downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company increased their price objective on Kaiser Aluminum from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.67.

Kaiser Aluminum Stock Performance

KALU stock traded down $4.72 during midday trading on Monday, reaching $124.30. 189,690 shares of the company’s stock traded hands, compared to its average volume of 208,264. Kaiser Aluminum has a 52 week low of $46.81 and a 52 week high of $150.00. The company has a 50-day moving average price of $126.22 and a two-hundred day moving average price of $99.26. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. The firm has a market capitalization of $2.01 billion, a PE ratio of 18.39 and a beta of 1.42.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.03). Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $902.00 million. During the same period in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts anticipate that Kaiser Aluminum will post 5.14 EPS for the current year.

Institutional Investors Weigh In On Kaiser Aluminum

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp bought a new position in shares of Kaiser Aluminum during the third quarter valued at $27,000. Hantz Financial Services Inc. grew its position in Kaiser Aluminum by 340.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 289 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Kaiser Aluminum by 475.0% in 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 during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Kaiser Aluminum by 408.3% in 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 during the last quarter. 99.29% of the stock is owned by institutional investors.

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.