Century Aluminum Company (NASDAQ:CENX) Receives $72.00 Consensus Price Target from Analysts

Shares of Century Aluminum Company (NASDAQ:CENX) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $72.00.

Several analysts have commented on the company. B. Riley Financial reiterated a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. UBS Group started coverage on shares of Century Aluminum in a report on Monday, August 10th. They set a “buy” rating and a $60.00 target price for the company. Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Wells Fargo & Company upped their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st.

Institutional Trading of Century Aluminum

Hedge funds have recently modified their holdings of the company. Lido Advisors LLC grew its stake in shares of Century Aluminum by 1.4% in the 1st quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock worth $768,000 after buying an additional 180 shares in the last quarter. Summit Global Investments raised its holdings in shares of Century Aluminum by 3.2% in the first quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock worth $462,000 after buying an additional 241 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Century Aluminum by 26.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,419 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 297 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Century Aluminum by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock valued at $402,000 after buying an additional 308 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Century Aluminum by 48.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 386 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Stock Performance

Shares of CENX opened at $46.59 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average price is $45.58 and its 200-day moving average price is $53.69. Century Aluminum has a 52 week low of $20.91 and a 52 week high of $70.43. The stock has a market cap of $4.61 billion, a P/E ratio of 8.05 and a beta of 1.96.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. The firm had revenue of $752.10 million for the quarter, compared to analysts’ expectations of $817.15 million. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.Century Aluminum’s quarterly revenue was up 59.0% on a year-over-year basis. Equities research analysts anticipate that Century Aluminum will post 7.75 earnings per share for the current fiscal year.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.