Century Aluminum (NASDAQ:CENX) had its target price lifted by Deutsche Bank from $18.00 to $20.00 in a research report report published on Wednesday. The firm currently has a hold rating on the industrial products company’s stock.
A number of other equities analysts have also weighed in on CENX. ValuEngine lowered shares of Century Aluminum from a hold rating to a sell rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded shares of Century Aluminum from a hold rating to a strong-buy rating and set a $20.00 target price for the company in a research report on Monday, April 9th. Cowen lowered their price objective on shares of Century Aluminum from $30.00 to $25.00 and set an outperform rating for the company in a research report on Wednesday, April 4th. BidaskClub lowered shares of Century Aluminum from a buy rating to a hold rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets reiterated a market perform rating and set a $20.00 price objective (up previously from $18.00) on shares of Century Aluminum in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $21.50.
Shares of NASDAQ:CENX opened at $18.15 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.91 and a quick ratio of 1.24. Century Aluminum has a fifty-two week low of $11.59 and a fifty-two week high of $24.77. The firm has a market cap of $1,632.17, a P/E ratio of 50.42 and a beta of 0.87.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. Century Aluminum had a net margin of 3.02% and a return on equity of 4.52%. The firm had revenue of $433.80 million during the quarter, compared to analyst estimates of $427.73 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. Century Aluminum’s revenue for the quarter was up 27.7% on a year-over-year basis. research analysts anticipate that Century Aluminum will post 1.49 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in CENX. SG Americas Securities LLC bought a new position in Century Aluminum during the fourth quarter valued at $272,000. Macquarie Group Ltd. bought a new position in Century Aluminum during the third quarter valued at $275,000. Teacher Retirement System of Texas bought a new position in Century Aluminum during the fourth quarter valued at $350,000. Lazard Asset Management LLC bought a new position in Century Aluminum during the fourth quarter valued at $410,000. Finally, MetLife Investment Advisors LLC bought a new position in Century Aluminum during the fourth quarter valued at $487,000. Institutional investors and hedge funds own 65.18% of the company’s stock.
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About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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