Century Aluminum Co. (CENX) Given Average Rating of “Hold” by Brokerages
Shares of Century Aluminum Co. (NASDAQ:CENX) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $6.38.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Century Aluminum from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. JPMorgan Chase & Co. raised Century Aluminum from an “underweight” rating to a “neutral” rating and set a $7.00 price objective for the company in a research report on Friday, October 28th.
Several hedge funds have recently made changes to their positions in the company. Profund Advisors LLC boosted its stake in shares of Century Aluminum by 5.9% in the second quarter. Profund Advisors LLC now owns 16,396 shares of the company’s stock worth $104,000 after buying an additional 920 shares in the last quarter. Springbok Capital Management LLC bought a new stake in shares of Century Aluminum during the first quarter worth $106,000. TFS Capital LLC bought a new stake in shares of Century Aluminum during the second quarter worth $130,000. Zacks Investment Management bought a new stake in shares of Century Aluminum during the second quarter worth $132,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of Century Aluminum by 85.4% in the third quarter. Alambic Investment Management L.P. now owns 19,060 shares of the company’s stock worth $132,000 after buying an additional 8,780 shares in the last quarter. 57.19% of the stock is owned by institutional investors.
Shares of Century Aluminum (NASDAQ:CENX) opened at 10.14 on Friday. The firm’s market cap is $882.94 million. Century Aluminum has a 52 week low of $2.63 and a 52 week high of $10.20. The firm’s 50-day moving average price is $7.54 and its 200-day moving average price is $6.98.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.32. Century Aluminum had a negative net margin of 9.32% and a negative return on equity of 10.68%. The business had revenue of $333.70 million for the quarter, compared to analysts’ expectations of $447.66 million. During the same quarter in the prior year, the firm posted ($0.65) EPS. The business’s quarterly revenue was down 26.6% compared to the same quarter last year. Equities research analysts expect that Century Aluminum will post ($0.79) EPS for the current fiscal year.
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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