Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Kaiser Aluminum Corp (NASDAQ: KALU) improved during the last several trading days. KALU’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Kaiser Aluminum Corp (NASDAQ: KALU) stock closed at $93.76 on 4/8/24 after a modest gain of 0.8%. However, below average trading volume at 75% of normal accompanied the advance. The stock has risen 4.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
KALU is expected to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Kaiser Aluminum has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kaiser Aluminum has a neutral Appreciation Score of 48 and a neutral Power Rating of 44, producing the Low Neutral Value Trend Rating.
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