Equities researchers at Macquarie began coverage on shares of Century Aluminum Company (NASDAQ:CENX) in a research report issued on Thursday. The brokerage set a “neutral” rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. BMO Capital Markets reiterated a “hold” rating and set a $14.00 price objective on shares of Century Aluminum in a research note on Sunday, July 2nd. Deutsche Bank AG upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $10.00 to $15.00 in a research note on Friday, June 23rd. Finally, Cowen and Company set a $16.00 price objective on shares of Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.20.

Shares of Century Aluminum (CENX) opened at 18.90 on Thursday. The stock’s 50 day moving average is $16.86 and its 200-day moving average is $14.75. Century Aluminum has a 12-month low of $5.53 and a 12-month high of $20.63. The stock’s market cap is $1.65 billion.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the 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 return on equity of 5.61% and a negative net margin of 16.48%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) EPS. Equities analysts expect that Century Aluminum will post $0.46 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC increased its stake in Century Aluminum by 15.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,808,095 shares of the industrial products company’s stock valued at $28,170,000 after purchasing an additional 245,892 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Century Aluminum during the 2nd quarter valued at approximately $267,000. Public Employees Retirement System of Ohio increased its stake in Century Aluminum by 224.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 59,805 shares of the industrial products company’s stock valued at $932,000 after purchasing an additional 41,394 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Century Aluminum during the 2nd quarter valued at approximately $168,000. Finally, 361 Capital LLC increased its stake in Century Aluminum by 91.7% during the 2nd quarter. 361 Capital LLC now owns 24,432 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 11,690 shares in the last quarter. Institutional investors and hedge funds own 67.18% 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. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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