14 OCTOBER 2013www.northforkvue.com
Noranda Aluminum Holding Corp. Upgraded to Neutral by Zacks
Edited by : AL CIRCLE
2 min read
Zacks upgraded shares of Noranda Aluminum Holding Corp. (NYSE:NOR) from an underperform rating to a neutral rating in a research note released on Tuesday morning, Stock Ratings Network reports. They currently have $2.40 target price on the stock.
A number of other analysts have also recently weighed in on NOR. 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. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $3.94.
Noranda Aluminum Holding Corp. (NYSE:NOR) traded up 2.90% during mid-day trading on Tuesday, hitting $2.305. The stock had a trading volume of 102,070 shares. Noranda Aluminum Holding Corp. has a one year low of $2.21 and a one year high of $6.97. The stock has a 50-day moving average of $2.64 and a 200-day moving average of $3.41. The company’s market cap is $156.8 million. Noranda Aluminum Holding Corp. (NYSE:NOR) last issued its quarterly 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. On average, analysts predict that Noranda Aluminum Holding Corp. will post $-0.61 earnings per share for the current fiscal year.
Noranda Aluminum Holding Corporation (NYSE:NOR) is a North American integrated producer of aluminum products and rolled aluminum coils.
A number of other analysts have also recently weighed in on NOR. 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. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $3.94.
Noranda Aluminum Holding Corp. (NYSE:NOR) traded up 2.90% during mid-day trading on Tuesday, hitting $2.305. The stock had a trading volume of 102,070 shares. Noranda Aluminum Holding Corp. has a one year low of $2.21 and a one year high of $6.97. The stock has a 50-day moving average of $2.64 and a 200-day moving average of $3.41. The company’s market cap is $156.8 million. Noranda Aluminum Holding Corp. (NYSE:NOR) last issued its quarterly 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. On average, analysts predict that Noranda Aluminum Holding Corp. will post $-0.61 earnings per share for the current fiscal year.
Noranda Aluminum Holding Corporation (NYSE:NOR) is a North American integrated producer of aluminum products and rolled aluminum coils.
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