Shares of Century Aluminum Co (NASDAQ:CENX) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.40.
A number of brokerages have recently commented on CENX. ValuEngine upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Zacks Investment Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 5th. BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, B. Riley began coverage on shares of Century Aluminum in a report on Thursday, June 21st. They set a “buy” rating and a $27.00 price target for the company.
A number of institutional investors have recently added to or reduced their stakes in the stock. Mainstay Capital Management LLC ADV grew its holdings in Century Aluminum by 421.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 85,165 shares of the industrial products company’s stock valued at $4,800,000 after purchasing an additional 68,820 shares during the period. Zacks Investment Management purchased a new stake in Century Aluminum in the second quarter valued at approximately $1,095,000. Point72 Asset Management L.P. grew its holdings in Century Aluminum by 290.0% in the second quarter. Point72 Asset Management L.P. now owns 617,484 shares of the industrial products company’s stock valued at $9,725,000 after purchasing an additional 459,140 shares during the period. OppenheimerFunds Inc. grew its holdings in Century Aluminum by 27.8% in the second quarter. OppenheimerFunds Inc. now owns 60,446 shares of the industrial products company’s stock valued at $952,000 after purchasing an additional 13,149 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Century Aluminum in the second quarter valued at approximately $709,000. Hedge funds and other institutional investors own 57.08% of the company’s stock.
Shares of NASDAQ CENX traded down $0.42 during midday trading on Friday, reaching $11.60. 2,256,700 shares of the stock were exchanged, compared to its average volume of 2,079,683. The company has a market cap of $1.04 billion, a PE ratio of 32.92 and a beta of 0.70. Century Aluminum has a 52-week low of $11.04 and a 52-week high of $24.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.89 and a quick ratio of 1.16.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $470.00 million during the quarter, compared to the consensus estimate of $458.03 million. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. analysts anticipate that Century Aluminum will post 0.91 EPS for the current year.
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.
Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.