19 SEPTEMBER 2013Zolmax.com
Noranda Aluminum Holding Corp. Receives New Coverage from Analysts at Sidoti
Edited by : AL CIRCLE
2 min read
Equities research analysts at Sidoti assumed coverage on shares of Noranda Aluminum Holding Corp. in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm set a “buy” rating on the stock.
Shares of Noranda Aluminum Holding Corp. traded up 0.39% during mid-day trading on Tuesday, hitting $2.58. 95,483 shares of the company’s stock traded hands. Noranda Aluminum Holding Corp. has a 52-week low of $2.54 and a 52-week high of $7.85. The stock’s 50-day moving average is $2.94 and its 200-day moving average is $3.65. The company’s market cap is $175.5 million.
Noranda Aluminum Holding Corp. last released its earnings data on Wednesday, July 24th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.11 earnings per share. Noranda Aluminum Holding Corp.’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.57 EPS for the current fiscal year.
NOR has been the subject of a number of other recent research reports. Analysts at Merrill Lynch downgraded shares of Noranda Aluminum Holding Corp. to an “underperform” rating in a research note to investors on Friday, August 16th. Separately, analysts at Bank of America Corp. downgraded shares of Noranda Aluminum Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 16th. Finally, analysts at UBS AG downgraded shares of Noranda Aluminum Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. They now have a $3.50 price target on the stock, down previously from $4.25.
Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Noranda Aluminum Holding Corp. has a consensus rating of “Hold” and a consensus target price of $4.39.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
Shares of Noranda Aluminum Holding Corp. traded up 0.39% during mid-day trading on Tuesday, hitting $2.58. 95,483 shares of the company’s stock traded hands. Noranda Aluminum Holding Corp. has a 52-week low of $2.54 and a 52-week high of $7.85. The stock’s 50-day moving average is $2.94 and its 200-day moving average is $3.65. The company’s market cap is $175.5 million.
Noranda Aluminum Holding Corp. last released its earnings data on Wednesday, July 24th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.11 earnings per share. Noranda Aluminum Holding Corp.’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that Noranda Aluminum Holding Corp. will post $-0.57 EPS for the current fiscal year.
NOR has been the subject of a number of other recent research reports. Analysts at Merrill Lynch downgraded shares of Noranda Aluminum Holding Corp. to an “underperform” rating in a research note to investors on Friday, August 16th. Separately, analysts at Bank of America Corp. downgraded shares of Noranda Aluminum Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 16th. Finally, analysts at UBS AG downgraded shares of Noranda Aluminum Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. They now have a $3.50 price target on the stock, down previously from $4.25.
Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Noranda Aluminum Holding Corp. has a consensus rating of “Hold” and a consensus target price of $4.39.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
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