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

Kaiser Aluminum (NASDAQ:KALU) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $118.00 to $124.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.24% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company lifted their target price on Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Finally, Wall Street Zen lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.67.

Kaiser Aluminum Stock Down 3.7%

NASDAQ KALU traded down $4.72 during trading hours on Monday, hitting $124.30. The company’s stock had a trading volume of 189,690 shares, compared to its average volume of 208,264. The company’s 50-day simple moving average is $126.22 and its two-hundred day simple moving average is $99.26. The company has a current ratio of 2.95, a quick ratio of 1.26 and a debt-to-equity ratio of 1.28. Kaiser Aluminum has a 52 week low of $46.81 and a 52 week high of $150.00. The company 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 issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The business had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $902.00 million. Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Research analysts anticipate that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Kaiser Aluminum

Several large investors have recently bought and sold shares of the company. First Horizon Corp acquired a new stake in Kaiser Aluminum in the third quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its position in shares of Kaiser Aluminum by 340.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after buying an additional 289 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after buying an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 342 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after buying an additional 294 shares during the period. 99.29% of the stock is currently 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.