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Kaiser Aluminum has the Lowest PEG Ratio in the Aluminum Industry
Edited by : AL CIRCLE
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Below are the three companies in the Aluminum industry with the lowest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.
Kaiser Aluminum (NASDAQ:KALU) is lowest with a PEG ratio of 0.77. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets. There is potential upside of 31.5% for shares of Kaiser Aluminum based on a current price of $47.90 and an average consensus analyst price target of $63.00. The stock should find initial resistance at its 200-day moving average (MA) of $48.02 and further resistance at its 50-day MA of $49.53.
Following is Noranda Aluminum (NYSE:NOR) with a PEG ratio of 0.84. Finishing up the bottom three is Alcoa (NYSE:AA), with a PEG ratio of 1.47
Kaiser Aluminum (NASDAQ:KALU) is lowest with a PEG ratio of 0.77. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets. There is potential upside of 31.5% for shares of Kaiser Aluminum based on a current price of $47.90 and an average consensus analyst price target of $63.00. The stock should find initial resistance at its 200-day moving average (MA) of $48.02 and further resistance at its 50-day MA of $49.53.
Following is Noranda Aluminum (NYSE:NOR) with a PEG ratio of 0.84. Finishing up the bottom three is Alcoa (NYSE:AA), with a PEG ratio of 1.47
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