23 OCTOBER 2013Zolmax.com
Noranda Aluminum gets hold rating at UBS AG
Edited by : AL CIRCLE
2 min read
UBS AG reissued their hold rating on shares of Noranda Aluminum Holding Corp. in a research report sent to investors on Thursday morning, Stock Ratings Network reports. The firm currently has a $2.40 price target on the stock.
Shares of Noranda Aluminum Holding Corp. traded down 1.16% on Thursday, hitting $2.56. 174,740 shares of the company’s stock traded hands. Noranda Aluminum Holding Corp. has a 1-year low of $2.21 and a 1-year high of $6.94. The stock has a 50-day moving average of $2.54 and a 200-day moving average of $3.33. The company’s market cap is $174.1 million.
Noranda Aluminum Holding Corp. last announced its earnings results on Wednesday, July 24th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.02. The company had revenue of $352.00 million for the quarter, compared to the consensus estimate of $340.08 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.63 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Noranda Aluminum Holding Corp. from an underperform rating to a neutral rating in a research note to investors on Tuesday, October 8th. They now have a $2.40 price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Noranda Aluminum Holding Corp. from $3.75 to $2.50 in a research note to investors on Monday, October 7th. Finally, analysts at Sidoti initiated coverage on shares of Noranda Aluminum Holding Corp. in a research note to investors on Tuesday, September 17th. They set a buy rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $3.76.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
Shares of Noranda Aluminum Holding Corp. traded down 1.16% on Thursday, hitting $2.56. 174,740 shares of the company’s stock traded hands. Noranda Aluminum Holding Corp. has a 1-year low of $2.21 and a 1-year high of $6.94. The stock has a 50-day moving average of $2.54 and a 200-day moving average of $3.33. The company’s market cap is $174.1 million.
Noranda Aluminum Holding Corp. last announced its earnings results on Wednesday, July 24th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.02. The company had revenue of $352.00 million for the quarter, compared to the consensus estimate of $340.08 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.63 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Noranda Aluminum Holding Corp. from an underperform rating to a neutral rating in a research note to investors on Tuesday, October 8th. They now have a $2.40 price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Noranda Aluminum Holding Corp. from $3.75 to $2.50 in a research note to investors on Monday, October 7th. Finally, analysts at Sidoti initiated coverage on shares of Noranda Aluminum Holding Corp. in a research note to investors on Tuesday, September 17th. They set a buy rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $3.76.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
Previous article
Growing supply and faltering demand drive sharp decline in Henan aluminum prices
Next articleAluminium up 0.1% on global trends
Grow with
AL Circle
