Kaiser Alum (NASDAQ:KALU) Upgrade of Rating
Kaiser Alum (NASDAQ:KALU) was boosted by Sidoti from “Neutral” rating to “Buy” rating in an analyst note released on Monday, 20 March.
The company’s rating upgrade is welcomed by stock traders, as NASDAQ:KALU is currently trading 2.51% higher at $80.46 as of 8:05 AM New York time. Kaiser Alum’s stock is 0% over the past 200 days. It has underperformed the S&P500 Index, which has increased 13.29% over the same time period.
Out of 8 brokers covering Kaiser Alum, 4 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $100 and the lowest is $77 according to Thomson/First Call. The 12-month mean target is $88.38, which means upside potential of 9.84% over the current price.
Paradice Investment Management Llc had the biggest stake with ownership of 438,453 shares as of q2 2015 for 4.31% of the fund’s portfolio. Price Michael F is another notably bullish institutional investor who is having 205,400 shares of Kaiser Alum or 2.36% of their fund’s portfolio. Further, Winslow Asset Management Inc have 2.19% of their fund’s portfolio invested in the company for 114,697 shares. The Illinois-based fund Keeley Asset Management Corp revealed it had purchased so far a stake worth about 1.66% of the institutional investor’s stock portfolio in Kaiser Alum. The Kansas-based fund Dean Capital Management is also positive about the stock, possessing 452,520 shares or 1.61% of their fund’s portfolio.
Kaiser Alum (NASDAQ:KALU) Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
Kaiser Alum (NASDAQ:KALU) traded up 2.51% on 20 March, hitting $80.46. A total of 141,781 shares of the company’s stock traded hands. This is down from average of 188,504 shares. Kaiser Alum has a 52 week low of $69.41 and a 52 week high of $96.06. The company has a market cap of $1.43B and a P/E ratio of 15.84.
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