Century Aluminum Company (CENX) Upgraded to “Buy” by BidaskClub
BidaskClub upgraded shares of Century Aluminum Company (NASDAQ:CENX) from a hold rating to a buy rating in a research note published on Thursday.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Century Aluminum from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research report on Tuesday, July 11th. BMO Capital Markets reissued a hold rating and set a $14.00 price objective on shares of Century Aluminum in a research report on Sunday, July 2nd. Deutsche Bank AG raised shares of Century Aluminum from a sell rating to a hold rating and increased their price objective for the company from $10.00 to $15.00 in a research report on Friday, June 23rd. J P Morgan Chase & Co raised shares of Century Aluminum from a neutral rating to an overweight rating and increased their price objective for the company from $15.00 to $22.00 in a research report on Monday. Finally, Cowen and Company increased their price objective on shares of Century Aluminum from $11.00 to $16.00 and gave the company a market perform rating in a research report on Thursday, April 27th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $17.20.
Century Aluminum (NASDAQ:CENX) traded down 1.31% during midday trading on Thursday, reaching $18.02. 1,466,095 shares of the company traded hands. The company has a 50 day moving average of $16.17 and a 200-day moving average of $14.50. The stock’s market capitalization is $1.57 billion. Century Aluminum has a 12-month low of $5.53 and a 12-month high of $19.08.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.28. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The firm had revenue of $388.80 million for the quarter, compared to analysts’ expectations of $398.33 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities analysts anticipate that Century Aluminum will post $0.46 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Clinton Group Inc. bought a new position in Century Aluminum during the first quarter valued at about $143,000. Mason Street Advisors LLC boosted its position in Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after buying an additional 783 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock valued at $152,000 after buying an additional 4,326 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Century Aluminum during the second quarter valued at about $160,000. Finally, 361 Capital LLC bought a new position in Century Aluminum during the first quarter valued at about $162,000. Institutional investors and hedge funds own 65.17% of the company’s stock.
Century Aluminum Company Profile
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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