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Bank of America (BAC) Analysts Now Covering Kaiser Aluminum (KALU) Stock
Edited by : AL CIRCLE
2 min read
Equities research analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Kaiser Aluminum (NASDAQ: KALU) in a research note issued to investors on Monday. They set a “buy” rating and a $54.00 price target on the stock.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Kaiser Aluminum in a research note to investors on Friday, September 16th. They set a “buy” rating and a $62.00 price target on the stock.
Kaiser Aluminum Corporation (Kaiser) is a semi-fabricated specialty aluminum products manufacturing company. The Company operates through one operating segment in the aluminum industry, Fabricated Products, and three business units, collectively referred to as all other, which consists of secondary aluminum, hedging, and corporate and other. The Secondary Aluminum business unit sells products, such as ingot and billet, produced from Anglesey Aluminium Limited (Anglesey), for which it receives a portion of a premium over normal commodity market prices. Its Hedging business unit conducts hedging activities. The Company’s corporate and other business unit provides general and administrative support for its operations. Prior to September 30, 2009, the Company operated in two segments: Fabricated Products and Primary Aluminum. The Company has a 49% ownership interest in Anglesey.
Shares of Kaiser Aluminum opened at 46.57 on Monday. Kaiser Aluminum has a 52 week low of $40.12 and a 52 week high of $57.29. The stock’s 50-day moving average is $45.62 and its 200-day moving average is $48.88. The company has a market cap of $884.9 million and a price-to-earnings ratio of 45.04.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Kaiser Aluminum in a research note to investors on Friday, September 16th. They set a “buy” rating and a $62.00 price target on the stock.
Kaiser Aluminum Corporation (Kaiser) is a semi-fabricated specialty aluminum products manufacturing company. The Company operates through one operating segment in the aluminum industry, Fabricated Products, and three business units, collectively referred to as all other, which consists of secondary aluminum, hedging, and corporate and other. The Secondary Aluminum business unit sells products, such as ingot and billet, produced from Anglesey Aluminium Limited (Anglesey), for which it receives a portion of a premium over normal commodity market prices. Its Hedging business unit conducts hedging activities. The Company’s corporate and other business unit provides general and administrative support for its operations. Prior to September 30, 2009, the Company operated in two segments: Fabricated Products and Primary Aluminum. The Company has a 49% ownership interest in Anglesey.
Shares of Kaiser Aluminum opened at 46.57 on Monday. Kaiser Aluminum has a 52 week low of $40.12 and a 52 week high of $57.29. The stock’s 50-day moving average is $45.62 and its 200-day moving average is $48.88. The company has a market cap of $884.9 million and a price-to-earnings ratio of 45.04.
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