Century Aluminum (NASDAQ:CENX) gapped down before the market opened on Tuesday . The stock had previously closed at $17.05, but opened at $16.72. Century Aluminum shares last traded at $16.43, with a volume of 717372 shares changing hands.
CENX has been the subject of a number of research analyst reports. Zacks Investment Research lowered Century Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. TheStreet raised Century Aluminum from a “c” rating to a “b-” rating in a research report on Friday, February 23rd. BMO Capital Markets raised Century Aluminum from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Sunday, March 11th. Finally, JPMorgan Chase raised Century Aluminum from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $18.00 to $14.50 in a research report on Wednesday, March 14th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.50.
The firm has a market cap of $1,545.48, a PE ratio of 45.60 and a beta of 0.87. 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 (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Century Aluminum had a return on equity of 4.52% and a net margin of 3.02%. The business had revenue of $433.80 million for the quarter, compared to the consensus estimate of $427.73 million. During the same period last year, the business posted ($0.12) EPS. The business’s revenue was up 27.7% compared to the same quarter last year. analysts expect that Century Aluminum will post 1.11 EPS for the current year.
Several large investors have recently made changes to their positions in CENX. SG Americas Securities LLC purchased a new position in Century Aluminum during the 4th quarter worth $272,000. Teacher Retirement System of Texas acquired a new stake in Century Aluminum during the 4th quarter worth about $350,000. Lazard Asset Management LLC acquired a new stake in Century Aluminum during the 4th quarter worth about $410,000. MetLife Investment Advisors LLC acquired a new stake in Century Aluminum during the 4th quarter worth about $487,000. Finally, Alpha Windward LLC lifted its position in Century Aluminum by 8.8% during the 4th quarter. Alpha Windward LLC now owns 33,540 shares of the industrial products company’s stock worth $659,000 after acquiring an additional 2,700 shares during the period. Institutional investors and hedge funds own 65.11% of the company’s stock.
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Century Aluminum Company Profile
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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