18 SEPTEMBER 2014tickerreport.com
Noranda Aluminum Holding Corp. raised to buy at Goldman Sachs
Edited by : AL CIRCLE
2 min read
Goldman Sachs upgraded shares of Noranda Aluminum Holding Corp. from a neutral rating to a buy rating in a report released on Friday, TheFlyOnTheWall.com reports. Goldman Sachs currently has $7.00 price objective on the stock, up from their previous price objective of $4.24.
Noranda Aluminum Holding Corp. opened at 5.16 on Friday. Noranda Aluminum Holding Corp. has a 1-year low of $2.21 and a 1-year high of $5.64. The stock has a 50-day moving average of $4.42 and a 200-day moving average of $3.98. The company’s market cap is $355.3 million.
Noranda Aluminum Holding Corp. last released its earnings data on Monday, August 11th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.02. The company had revenue of $345.00 million for the quarter, compared to the consensus estimate of $341.57 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Monday, August 25th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, August 21st.
A number of other analysts have also recently weighed in on NOR. Analysts at Citigroup Inc. reiterated a neutral rating on shares of Noranda Aluminum Holding Corp. in a research note on Tuesday, August 12th. They now have a $4.60 price target on the stock, up previously from $4.50. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $4.70.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
Noranda Aluminum Holding Corp. opened at 5.16 on Friday. Noranda Aluminum Holding Corp. has a 1-year low of $2.21 and a 1-year high of $5.64. The stock has a 50-day moving average of $4.42 and a 200-day moving average of $3.98. The company’s market cap is $355.3 million.
Noranda Aluminum Holding Corp. last released its earnings data on Monday, August 11th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.02. The company had revenue of $345.00 million for the quarter, compared to the consensus estimate of $341.57 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Monday, August 25th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, August 21st.
A number of other analysts have also recently weighed in on NOR. Analysts at Citigroup Inc. reiterated a neutral rating on shares of Noranda Aluminum Holding Corp. in a research note on Tuesday, August 12th. They now have a $4.60 price target on the stock, up previously from $4.50. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $4.70.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
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