Deutsche Bank AG upgraded shares of Century Aluminum Company (NASDAQ:CENX) from a hold rating to a buy rating in a research report released on Tuesday, October 17th. They currently have $20.00 price objective on the industrial products company’s stock.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Century Aluminum from a hold rating to a strong-buy rating and set a $19.00 price objective for the company in a report on Tuesday, August 1st. BidaskClub downgraded shares of Century Aluminum from a buy rating to a hold rating in a report on Wednesday, August 2nd. Cowen and Company set a $16.00 price objective on shares of Century Aluminum and gave the stock a hold rating in a report on Wednesday, August 2nd. JPMorgan Chase & Co. raised shares of Century Aluminum from a neutral rating to an overweight rating and lifted their price objective for the stock from $15.00 to $22.00 in a report on Monday, August 21st. Finally, BMO Capital Markets reaffirmed a hold rating and set a $14.00 price objective on shares of Century Aluminum in a report on Sunday, July 2nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $18.40.
Shares of Century Aluminum (CENX) traded down 2.04% on Tuesday, reaching $14.91. 956,744 shares of the company’s stock traded hands. Century Aluminum has a one year low of $6.51 and a one year high of $20.68. The firm’s market cap is $1.30 billion. The company’s 50-day moving average price is $17.40 and its 200 day moving average price is $15.77.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The firm had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Century Aluminum will post $0.56 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in Century Aluminum by 41.9% in the 2nd quarter. Alliancebernstein L.P. now owns 97,900 shares of the industrial products company’s stock worth $1,525,000 after purchasing an additional 28,900 shares during the period. Quantbot Technologies LP purchased a new position in Century Aluminum in the 2nd quarter worth $997,000. Parallax Volatility Advisers L.P. raised its position in Century Aluminum by 412.4% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock worth $1,701,000 after purchasing an additional 87,857 shares during the period. First Trust Advisors LP purchased a new position in Century Aluminum in the 2nd quarter worth $2,825,000. Finally, Prudential Financial Inc. raised its position in Century Aluminum by 13.6% in the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock worth $1,226,000 after purchasing an additional 11,538 shares during the period. Institutional investors own 67.17% of the company’s stock.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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