Kaiser Aluminum Lowered to Neutral

Kaiser Aluminum was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday. They currently have a $68.00 price target on the stock.

Separately, analysts at Sterne Agee initiated coverage on shares of Kaiser Aluminum in a research note to investors on Wednesday. They set a “neutral” rating on the stock.

Five analysts have rated the stock with a buy rating, and one has assigned a hold rating to the company. The company presently has a consensus rating of “buy” and a consensus price target of $71.83.

Shares of Kaiser Aluminum traded up 0.52% during mid-day trading on Wednesday, hitting $62.11. Kaiser Aluminum has a 52 week low of $45.65 and a 52 week high of $65.18. The stock’s 50-day moving average is currently $62.89. The company has a market cap of $1.190 billion and a P/E ratio of 13.89.

Kaiser Aluminum last posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.82 by $0.35. The company had revenue of $314.00 million for the quarter, compared to the consensus estimate of $317.71 million. During the same quarter last year, the company posted $0.52 earnings per share. Kaiser Aluminum’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Kaiser Aluminum will post $4.11 earnings per share for the current fiscal year.

Kaiser Aluminum Corporation (Kaiser) is a semi-fabricated specialty aluminum products manufacturing company.