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Kaiser Aluminum price objective raised to $80.00
Edited by : AL CIRCLE
2 min read
Research analysts at Cowen and Company raised their price objective on shares of Kaiser Aluminum Corp. from $76.00 to $80.00 in a report released on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price would indicate a potential upside of 21.03% from the company’s current price.
Separately, analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 3rd. They now have a $66.80 price target on the stock.
Shares of Kaiser Aluminum Corp. traded down 1.80% during mid-day trading on Friday, hitting $64.91. Kaiser Aluminum Corp. has a 52 week low of $53.27 and a 52 week high of $67.04. The stock’s 50-day moving average is currently $63.65. The company has a market cap of $1.217 billion and a P/E ratio of 14.14.
Kaiser Aluminum Corp. last released its earnings data on Wednesday, July 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.03. The company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $352.60 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $4.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 15th. Investors of record on Thursday, July 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, July 23rd.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
Separately, analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 3rd. They now have a $66.80 price target on the stock.
Shares of Kaiser Aluminum Corp. traded down 1.80% during mid-day trading on Friday, hitting $64.91. Kaiser Aluminum Corp. has a 52 week low of $53.27 and a 52 week high of $67.04. The stock’s 50-day moving average is currently $63.65. The company has a market cap of $1.217 billion and a P/E ratio of 14.14.
Kaiser Aluminum Corp. last released its earnings data on Wednesday, July 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.03. The company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $352.60 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $4.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 15th. Investors of record on Thursday, July 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, July 23rd.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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