Kaiser Aluminum Corp. (KALU) was Initiated by Seaport Global Securities to “Buy” and the brokerage firm has set the Price Target at $100. Seaport Global Securities advised their investors in a research report released on Sep 9, 2016.
Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Kaiser Aluminum Corp. was Initiated by Macquarie to “Outperform” on Sep 6, 2016. Kaiser Aluminum Corp. was Downgraded by BofA/Merrill to ” Neutral” on Jul 20, 2016.
On the company’s financial health, Kaiser Aluminum Corp. reported $1.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.36 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $1.38. The company had revenue of $334.90 million for the quarter, compared to analysts expectations of $351.65 million. The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.
Kaiser Aluminum Corp. opened for trading at $89.14 and hit $89.54 on the upside on Wednesday, eventually ending the session at $89.36, with a gain of 0.44% or 0.39 points. The heightened volatility saw the trading volume jump to 111,542 shares. Company has a market cap of $1,607 M.
In a different news, on May 6, 2016, Daniel J Rinkenberger (EVP & CFO) sold 803 shares at $90.05 per share price. According to the SEC, on May 6, 2016, John Malcolm Donnan (EVP – Legal, Compliance & HR) sold 5,915 shares at $89.93 per share price. On May 6, 2016, Melinda C Ellsworth (VP IR & Corp. Communications) sold 1,100 shares at $91.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures rolled extruded and drawn aluminum products to serve fits end market applications such as aerospace and high strength products (Aero/HS products) extrusions for automotive applications (Automotive Extrusions) general engineering products (GE products) and other industrial products (Other products). The Company operates around 11 production facilities in the United States and one in Canada. Its Fabricated Products segment produces rolled extruded and drawn aluminum products for aerospace and defense automotive consumer durables electronics electrical and machinery and equipment applications. Its Aero/HS products include heat treat plate and sheet as well as cold finish rod and bar seamless drawn tube hard alloy extrusions and billet that are manufactured for the global aerospace and defense industries.