Analysts at Morgan Stanley initiated coverage on shares of Alcoa (NYSE:AA) in a research report issued to clients and investors on Friday, Analyst RN reports. The firm set a “buy” rating and a $15.00 price target on the stock. Morgan Stanley’s target price points to a potential upside of 26.48% from the company’s current price. Alcoa Inc (NYSE:AA) shares after opening at $11.92 on last trade day and at the end of the day closed at $11.84. Company price to sales ratio in past twelve months was calculated as 0.55 and price to cash ratio as 8.84. Alcoa Inc (NYSE:AA) showed a negative weekly performance of -2.63%.
March 11, 2014- Noranda Aluminum Holding Corporation (NYSE:NOR) announced the commencement of a secondary public offering of 10,000,000 shares of the Company’s common stock by certain funds affiliated with Apollo Global Management, LLC (the “Selling Stockholders”). The Company itself is not selling any shares and will not receive any proceeds from the proposed offering. Noranda Aluminum Holding Corporation (NYSE:NOR) shares down -1.40%% in last trading session and ended the day on $4.24. NOR return on equity ratio is recorded as -19.10% and its return on assets is -1.90%. Noranda Aluminum Holding Corporation (NYSE:NOR) yearly performance is -4.72%.
Feb 25th, 2014 – Analysts at Barclays raised their price target on shares of Century Aluminum (NASDAQ:CENX) from $11.00 to $13.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 14.84% from the company’s current price. Century Aluminum Co (NASDAQ:CENX) shares moved down -0.16% in last trading session and was closed at $12.37, while trading in range of $12.25 – $12.45. Century Aluminum Co (NASDAQ:CENX) year to date (YTD) performance is 18.26%.
Mar 4th, 2014 – Kaiser Aluminum Corp. (NASDAQ:KALU) Director Leeuwen Thomas Melton Van sold 8,500 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $70.27, for a total transaction of $597,295.00. Following the sale, the director now directly owns 6,769 shares in the company, valued at approximately $475,658. Kaiser Aluminum Corp. (NASDAQ:KALU) weekly performance is -1.40%. On last trading day company shares ended up $71.29. Kaiser Aluminum Corp. (NASDAQ:KALU) distance from 50-day simple moving average (SMA50) is 2.56%. Analysts mean target price for the company is $72.40.
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