NewsDownstreamKaiser Aluminum shares come up to Neutral
01 JANUARY 2013Jagsreport.com

Kaiser Aluminum shares come up to Neutral

Edited by : AL CIRCLE
1 min read
Kaiser Aluminum shares come up to Neutral
Zacks cut shares of Kaiser Aluminum from an outperform rating to a neutral rating in a research report sent to investors on Monday morning. The firm currently has $63.80 price target on the stock.

Shares of Kaiser Aluminum traded up 1.36% during mid-day trading on Monday, hitting $61.08. Kaiser Aluminum has a 52 week low of $45.65 and a 52 week high of $62.25. The stock’s 50-day moving average is currently $60.40. The company has a market cap of $1.170 billion and a P/E ratio of 13.91.

Kaiser Aluminum last posted its quarterly earnings results on Wednesday, October 24th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.20. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Kaiser Aluminum will post $3.99 EPS for the current fiscal year.

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

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