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Kaiser Aluminum Corp. given new $76.00 price target at Cowen and Company
Edited by : AL CIRCLE
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Kaiser Aluminum Corp.had its target price boosted by Cowen and Company from $73.00 to $76.00 in a report issued on Friday, Stock Ratings Network.com reports. They currently have an outperform rating on the stock.
Cowen and Company has also taken action a number of other materials stocks recently. The firm raised its price target on shares of Reliance Steel & Aluminum Co. from $77.00 to $80.00. They have an outperform rating on that stock. Also, Cowen and Company lowered its price target on shares of Allied Nevada Gold Corp. from $7.50 to $4.50. They have a market perform rating on that stock. Finally, Cowen and Company reiterated its market perform rating on shares of Cliffs Natural Resources Inc. They have a $16.00 price target on that stock, down previously from $23.00.
Shares of Kaiser Aluminum Corp. opened at 70.78 on Friday. Kaiser Aluminum Corp. has a one year low of $60.26 and a one year high of $74.27. The stock’s 50-day moving average is $72.05 and its 200-day moving average is $69.48. The company has a market cap of $1.274 billion and a price-to-earnings ratio of 13.02. Kaiser Aluminum Corp. last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.04. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $320.28 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Kaiser Aluminum Corp. will post $3.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Friday, April 25th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, April 23rd.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
Cowen and Company has also taken action a number of other materials stocks recently. The firm raised its price target on shares of Reliance Steel & Aluminum Co. from $77.00 to $80.00. They have an outperform rating on that stock. Also, Cowen and Company lowered its price target on shares of Allied Nevada Gold Corp. from $7.50 to $4.50. They have a market perform rating on that stock. Finally, Cowen and Company reiterated its market perform rating on shares of Cliffs Natural Resources Inc. They have a $16.00 price target on that stock, down previously from $23.00.
Shares of Kaiser Aluminum Corp. opened at 70.78 on Friday. Kaiser Aluminum Corp. has a one year low of $60.26 and a one year high of $74.27. The stock’s 50-day moving average is $72.05 and its 200-day moving average is $69.48. The company has a market cap of $1.274 billion and a price-to-earnings ratio of 13.02. Kaiser Aluminum Corp. last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.04. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $320.28 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Kaiser Aluminum Corp. will post $3.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Friday, April 25th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, April 23rd.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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