Analysts Set Century Aluminum Co. (NASDAQ:CENX) Target Price at $6.17
Century Aluminum Co. (NASDAQ:CENX) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the firm. Three research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.17.
A number of brokerages have weighed in on CENX. JPMorgan Chase & Co. reissued a “sell” rating on shares of Century Aluminum in a research report on Friday, July 29th. Zacks Investment Research downgraded Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 11th.
Shares of Century Aluminum (NASDAQ:CENX) opened at 7.25 on Friday. Century Aluminum has a 12-month low of $2.63 and a 12-month high of $9.40. The firm’s market capitalization is $631.29 million. The company’s 50-day moving average price is $6.54 and its 200-day moving average price is $6.94.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $326.75 million for the quarter, compared to the consensus estimate of $338.22 million. Century Aluminum had a negative return on equity of 11.96% and a negative net margin of 8.41%. The business’s revenue was down 37.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Analysts anticipate that Century Aluminum will post ($0.32) EPS for the current year.
Large investors have recently modified their holdings of the stock. Aperio Group LLC boosted its stake in shares of Century Aluminum by 111.4% in the first quarter. Aperio Group LLC now owns 44,542 shares of the company’s stock valued at $314,000 after buying an additional 23,474 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Century Aluminum during the first quarter valued at about $170,000. Teachers Advisors Inc. boosted its stake in shares of Century Aluminum by 874.9% in the first quarter. Teachers Advisors Inc. now owns 1,178,312 shares of the company’s stock valued at $8,307,000 after buying an additional 1,057,444 shares during the period. Franklin Resources Inc. boosted its stake in shares of Century Aluminum by 53.3% in the first quarter. Franklin Resources Inc. now owns 843,000 shares of the company’s stock valued at $5,943,000 after buying an additional 293,000 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Century Aluminum by 0.8% in the first quarter. BlackRock Fund Advisors now owns 3,102,901 shares of the company’s stock valued at $21,875,000 after buying an additional 24,248 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.
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. Its primary aluminum facilities produce standard grade primary aluminum products.
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