Not as far as I know, however, you can format a cell or range of cells say, centre justified in one of two ways.
If you centre justify a cell then select another cell and press F4 it will also justify this cell. This is because F4 will Repeat your last action.
I usually leave my cell justification till last and then select all the cells I want to justify by holding down the Ctrl key while selecting cells.
They other way is to write a macro for each justification you want to use and assign it a short cut key.
For example:-
sub JustifyCenter
Selection.HorizontalAlignment = xlCenter
endsub
If you click option in the macro window you can then assign the macro a keystroke. In this case I used Ctrl+Shift+C. Not just Ctrl+C as that is the default copy key.
Cheers,
Alan.