Jefferies Says Its Time To “Hold” Kaiser Alum (KALU). Will Stock Hit Their Target of $122.0?

July 16, 2018 - By Palma Niemeyer

Investors sentiment is 0.95 in Q1 2018. Its the same as in 2017Q4. It is the same, as 10 investors sold Kaiser Aluminum Corporation shares while 71 reduced holdings. only 26 funds opened positions while 51 raised stakes. 15.85 million shares or 1.15% less from 16.04 million shares in 2017Q4 were reported.

Walthausen & Limited invested 1.16% of its portfolio in Kaiser Aluminum Corporation (NASDAQ:KALU). First L P, Illinois-based fund reported 13,055 shares. Jane Street Gru Limited Liability has invested 0% in Kaiser Aluminum Corporation (NASDAQ:KALU). Credit Suisse Ag accumulated 19,709 shares. Barclays Public Ltd Co accumulated 18,231 shares. North Carolina-based Piedmont Invest Advisors Limited Company has invested 0.01% in Kaiser Aluminum Corporation (NASDAQ:KALU). Voya Mngmt has 0% invested in Kaiser Aluminum Corporation (NASDAQ:KALU). Jefferies Grp Llc holds 0% or 5,071 shares in its portfolio. Dreman Value Management L L C reported 157 shares stake. Denver Advisors Ltd reported 109,736 shares or 0.58% of all its holdings. Citadel Advsr Ltd Liability reported 26,120 shares stake. Suntrust Banks, a Georgia-based fund reported 23,858 shares. Shell Asset has invested 0.03% in Kaiser Aluminum Corporation (NASDAQ:KALU). Moreover, Dalton Greiner Hartman Maher has 1.27% invested in Kaiser Aluminum Corporation (NASDAQ:KALU) for 185,972 shares. Price T Rowe Associates Incorporated Md holds 7,107 shares.

Since March 5, 2018, it had 0 buys, and 10 insider sales for $5.00 million activity. Miller Del L sold $105,952 worth of stock or 979 shares. 725 shares valued at $74,965 were sold by West Neal E on Tuesday, May 15. Parkinson Ray also sold $342,595 worth of Kaiser Aluminum Corporation (NASDAQ:KALU) on Monday, May 14. $977,788 worth of Kaiser Aluminum Corporation (NASDAQ:KALU) was sold by HOCKEMA JACK A. The insider DONNAN JOHN MALCOLM sold $726,481. Harvey Keith also sold $707,430 worth of Kaiser Aluminum Corporation (NASDAQ:KALU) shares.

Why Has Jefferies Given Kaiser Alum (KALU) a $122.0 Price Target

Jefferies disclosed in a recent research note that it has initiated coverage on Kaiser Alum (KALU) stock, with “Hold” rating and a $122.0 PT.

The stock decreased 0.70% or $0.75 during the last trading session, reaching $106.48. About 57,669 shares traded. Kaiser Aluminum Corporation (KALU) has risen 30.65% since July 16, 2017 and is uptrending. It has outperformed by 18.08% the S&P500.

Analysts await Kaiser Aluminum Corporation (NASDAQ:KALU) to report earnings on July, 18. They expect $1.62 EPS, up 10.20 % or $0.15 from last year’s $1.47 per share. KALU’s profit will be $27.16 million for 16.43 P/E if the $1.62 EPS becomes a reality. After $1.60 actual EPS reported by Kaiser Aluminum Corporation for the previous quarter, Wall Street now forecasts 1.25 % EPS growth.

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company has market cap of $1.79 billion. The firm offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications. It has a 51.79 P/E ratio. The Company’s aerospace and high strength products include heat treat plates and sheets, hard alloy extruded shapes, cold finish rods and bars, seamless drawn tubes, and billets for aerospace and defense industries.

Another recent and important Kaiser Aluminum Corporation (NASDAQ:KALU) news was published by which published an article titled: “Midday Stock Roundup” on June 25, 2018.

Kaiser Aluminum Corporation (NASDAQ:KALU) Institutional Positions Chart

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