Century Aluminum Company (CENX) Upgraded by Deutsche Bank AG to Buy
Deutsche Bank AG upgraded shares of Century Aluminum Company (NASDAQ:CENX) from a hold rating to a buy rating in a research report report published on Tuesday. Deutsche Bank AG currently has $20.00 price target on the industrial products company’s stock.
A number of other equities analysts also recently issued reports on CENX. BMO Capital Markets reissued a hold rating and issued a $14.00 price target on shares of Century Aluminum in a research note on Sunday, July 2nd. Zacks Investment Research raised shares of Century Aluminum from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Century Aluminum from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Cowen and Company set a $16.00 price target on shares of Century Aluminum and gave the stock a hold rating in a research note on Wednesday, August 2nd. Finally, J P Morgan Chase & Co raised shares of Century Aluminum from a neutral rating to an overweight rating and increased their price target for the stock from $15.00 to $22.00 in a research note on Monday, August 21st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Century Aluminum has an average rating of Buy and an average price target of $18.40.
Shares of Century Aluminum (CENX) opened at 15.35 on Tuesday. The firm’s market capitalization is $1.34 billion. Century Aluminum has a 52 week low of $6.51 and a 52 week high of $20.68. The stock has a 50 day moving average price of $17.73 and a 200 day moving average price of $15.69.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $398.33 million. During the same period in the previous year, the company earned ($0.05) earnings per share. Century Aluminum’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts forecast that Century Aluminum will post $0.56 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue grew its holdings 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 worth $152,000 after purchasing an additional 4,326 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in Century Aluminum in the second quarter worth about $160,000. Piedmont Investment Advisors LLC purchased a new stake in Century Aluminum in the second quarter worth about $168,000. Mason Street Advisors LLC grew its holdings 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 worth $148,000 after purchasing an additional 783 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Century Aluminum by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,730 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 67.17% 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.
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