Shares of Century Aluminum Company (NASDAQ:CENX) have earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.20.
Several equities research analysts recently issued reports on CENX shares. BidaskClub cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, June 14th. Deutsche Bank AG upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating and raised their target price for the stock from $10.00 to $15.00 in a report on Friday, June 23rd. BMO Capital Markets restated a “hold” rating and issued a $14.00 target price on shares of Century Aluminum in a report on Sunday, July 2nd. Finally, J P Morgan Chase & Co upgraded shares of Century Aluminum from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $15.00 to $22.00 in a report on Monday, August 21st.
Several institutional investors have recently modified their holdings of CENX. Balyasny Asset Management LLC boosted its stake in shares of Century Aluminum by 742.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock worth $47,173,000 after acquiring an additional 2,668,550 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Century Aluminum by 4,279.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,610,095 shares of the industrial products company’s stock valued at $20,432,000 after buying an additional 1,573,332 shares in the last quarter. Impala Asset Management LLC lifted its stake in shares of Century Aluminum by 63.2% during the 2nd quarter. Impala Asset Management LLC now owns 2,797,458 shares of the industrial products company’s stock valued at $43,584,000 after buying an additional 1,083,314 shares in the last quarter. State Street Corp lifted its stake in shares of Century Aluminum by 19.9% during the 1st quarter. State Street Corp now owns 4,491,650 shares of the industrial products company’s stock valued at $56,998,000 after buying an additional 744,622 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Century Aluminum by 448.1% during the 2nd quarter. Teachers Advisors LLC now owns 667,670 shares of the industrial products company’s stock valued at $10,402,000 after buying an additional 545,844 shares in the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.
Shares of Century Aluminum (CENX) traded down 1.44% during trading on Friday, hitting $19.11. The stock had a trading volume of 2,785,095 shares. The firm’s market cap is $1.67 billion. Century Aluminum has a 52-week low of $5.90 and a 52-week high of $20.63. The stock has a 50 day moving average of $17.04 and a 200 day moving average of $14.94.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). The firm had revenue of $388.80 million for the quarter, compared to the consensus estimate of $398.33 million. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. Century Aluminum’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. On average, equities analysts anticipate that Century Aluminum will post $0.54 EPS for the current year.
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About Century Aluminum
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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