Kaiser Aluminum (NASDAQ:KALU) Upgraded to “Neutral” at JPMorgan Chase & Co.

Kaiser Aluminum (NASDAQ:KALU) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a $140.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 30.50% from the stock’s current price.

Several other analysts have also commented on the company. KeyCorp dropped their price objective on Kaiser Aluminum from $183.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. UBS Group upgraded shares of Kaiser Aluminum from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $179.00 to $184.00 in a research report on Monday, August 31st. Wall Street Zen lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday. Barclays reissued an “overweight” rating and issued a $155.00 price objective on shares of Kaiser Aluminum in a report on Monday. Finally, Weiss Ratings cut shares of Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU opened at $107.28 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.63 and a quick ratio of 1.25. The stock has a market capitalization of $1.75 billion, a P/E ratio of 8.28 and a beta of 1.59. Kaiser Aluminum has a 1-year low of $87.89 and a 1-year high of $199.89. The business has a fifty day moving average price of $153.33 and a 200 day moving average price of $165.07.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). Kaiser Aluminum had a net margin of 4.85% and a return on equity of 23.65%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the company posted $1.86 earnings per share. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. Equities research analysts expect that Kaiser Aluminum will post 13.40 EPS for the current fiscal year.

Institutional Investors Weigh In On Kaiser Aluminum

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Kaiser Aluminum by 228.0% during the 3rd quarter. Signaturefd LLC now owns 269 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 187 shares during the period. Tectonic Advisors LLC purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth $825,000. Sterling Capital Management LLC increased its position in shares of Kaiser Aluminum by 841.4% in the third quarter. Sterling Capital Management LLC now owns 546 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 488 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Kaiser Aluminum by 27.4% during the third quarter. Inspire Investing LLC now owns 16,857 shares of the industrial products company’s stock worth $2,441,000 after purchasing an additional 3,628 shares in the last quarter. Finally, Range Financial Group LLC increased its stake in Kaiser Aluminum by 8.0% during the 3rd quarter. Range Financial Group LLC now owns 9,060 shares of the industrial products company’s stock worth $1,312,000 after buying an additional 674 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a producer of semi-fabricated aluminum products used by manufacturers in the aerospace and defense, automotive, industrial, and consumer products markets. The company supplies aluminum materials designed for applications that require strength, light weight, corrosion resistance, and other specialized performance characteristics.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other fabricated aluminum products.