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Noranda Aluminum Holding PT Lowered to $7.00
Edited by : AL CIRCLE
2 min read
Noranda Aluminum Holding had its target price trimmed by Barclays Capital from $8.00 to $7.00 in a report issued on Thursday. They currently have an equal weight rating on the stock.
Separately, analysts at Zacks downgraded shares of Noranda Aluminum Holding from a neutral rating to an underperform rating in a research note to investors on Tuesday, January 15th. They now have a $6.10 price target on the stock.
Noranda Aluminum Holding traded down 8.76% on Thursday, hitting $5.155. Noranda Aluminum Holding has a 52-week low of $5.38 and a 52-week high of $13.18. The stock’s 50-day moving average is currently $6.16. The company has a market cap of $349.1 million and a price-to-earnings ratio of 5.60.
Noranda Aluminum Holding last issued its quarterly earnings data on Wednesday, February 20th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.09. The company had revenue of $332.90 million for the quarter, compared to the consensus estimate of $332.09 million. During the same quarter in the previous year, the company posted $0.01 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 will post $0.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 27th. Stockholders of record on Monday, March 4th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.83%.
Noranda Aluminum Holding Corporation (Noranda HoldCo) is a North American integrated producer of aluminum products and rolled aluminum coils.
Separately, analysts at Zacks downgraded shares of Noranda Aluminum Holding from a neutral rating to an underperform rating in a research note to investors on Tuesday, January 15th. They now have a $6.10 price target on the stock.
Noranda Aluminum Holding traded down 8.76% on Thursday, hitting $5.155. Noranda Aluminum Holding has a 52-week low of $5.38 and a 52-week high of $13.18. The stock’s 50-day moving average is currently $6.16. The company has a market cap of $349.1 million and a price-to-earnings ratio of 5.60.
Noranda Aluminum Holding last issued its quarterly earnings data on Wednesday, February 20th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.09. The company had revenue of $332.90 million for the quarter, compared to the consensus estimate of $332.09 million. During the same quarter in the previous year, the company posted $0.01 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 will post $0.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 27th. Stockholders of record on Monday, March 4th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.83%.
Noranda Aluminum Holding Corporation (Noranda HoldCo) is a North American integrated producer of aluminum products and rolled aluminum coils.
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