16 JANUARY 2013Dailypolitical.com
Noranda Aluminum Stock Rating Lowered from a “neutral” to “underperform”
Edited by : AL CIRCLE
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Noranda Aluminum Holding was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday. They currently have a $6.10 target price on the stock.
Noranda Aluminum Holding traded down 0.31% on Tuesday, hitting $6.42. 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 $434.7 million and a price-to-earnings ratio of 6.38.
Noranda Aluminum Holding last issued its quarterly earnings data on Wednesday, October 24th. The company reported ($0.16) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.21) by $0.05. Noranda Aluminum Holding’s revenue was down 15.9% compared to the same quarter last year. On average, analysts predict that Noranda Aluminum Holding will post $0.12 earnings per share for the current fiscal year.
Noranda Aluminum Holding Corporation (Noranda HoldCo) is a North American integrated producer of aluminum products and rolled aluminum coils.
Noranda Aluminum Holding traded down 0.31% on Tuesday, hitting $6.42. 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 $434.7 million and a price-to-earnings ratio of 6.38.
Noranda Aluminum Holding last issued its quarterly earnings data on Wednesday, October 24th. The company reported ($0.16) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.21) by $0.05. Noranda Aluminum Holding’s revenue was down 15.9% compared to the same quarter last year. On average, analysts predict that Noranda Aluminum Holding will post $0.12 earnings per share for the current fiscal year.
Noranda Aluminum Holding Corporation (Noranda HoldCo) is a North American integrated producer of aluminum products and rolled aluminum coils.
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