Stock Rating Upgrade
The Value Trend Rating for Kaiser Aluminum Corp (NASDAQ: KALU) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Kaiser Aluminum Corp (NASDAQ: KALU) stock closed at $73.04 on 10/1/24 after a modest gain of 0.7%. However, unusually low trading volume at 57% of normal accompanied the advance. The stock has risen 3.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, KALU is expected to be a Value Builder.
Kaiser Aluminum has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kaiser Aluminum has a slightly positive Power Rating of 60 and a slightly positive Appreciation Score of 64, producing the Positive Value Trend Rating.
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