Century Aluminum (NASDAQ:CENX) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
Several other analysts have also weighed in on CENX. BidaskClub lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. B. Riley initiated coverage on shares of Century Aluminum in a research report on Thursday, June 21st. They set a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Deutsche Bank upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, August 2nd. Finally, BMO Capital Markets decreased their target price on shares of Century Aluminum from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.14.
Shares of Century Aluminum stock opened at $9.92 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. Century Aluminum has a twelve month low of $9.85 and a twelve month high of $24.77. The stock has a market cap of $1.05 billion, a PE ratio of 28.22 and a beta of 0.72.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The business had revenue of $470.00 million for the quarter, compared to analyst estimates of $458.03 million. During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue was up 20.9% on a year-over-year basis. Research analysts forecast that Century Aluminum will post 0.91 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in CENX. United Services Automobile Association acquired a new position in Century Aluminum in the second quarter valued at about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Century Aluminum in the second quarter valued at about $166,000. Engineers Gate Manager LP acquired a new position in Century Aluminum in the second quarter valued at about $197,000. CIBC World Markets Inc. acquired a new position in Century Aluminum in the first quarter valued at about $200,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Century Aluminum by 497.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock valued at $207,000 after buying an additional 10,450 shares in the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.
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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