Century Aluminum (CENX) Upgraded to “Hold” at BidaskClub
Century Aluminum (NASDAQ:CENX) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other equities research analysts also recently issued reports on the company. Deutsche Bank raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, October 17th. J P Morgan Chase & Co downgraded Century Aluminum from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $14.50 in a research report on Monday, October 30th. Zacks Investment Research downgraded Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Cowen set a $16.00 price target on Century Aluminum and gave the company a “hold” rating in a research report on Sunday, October 29th. Finally, Macquarie started coverage on Century Aluminum in a research report on Thursday, September 7th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.10.
Shares of Century Aluminum (NASDAQ:CENX) opened at $15.82 on Thursday. Century Aluminum has a 1 year low of $8.39 and a 1 year high of $20.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27.
Several hedge funds and other institutional investors have recently modified their holdings of CENX. BlueCrest Capital Management Ltd purchased a new stake in shares of Century Aluminum in the second quarter worth about $160,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Century Aluminum in the second quarter worth about $168,000. IndexIQ Advisors LLC boosted its position in shares of Century Aluminum by 752.8% in the third quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock worth $171,000 after buying an additional 9,086 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of 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 buying an additional 370 shares during the period. Finally, ARP Americas LLC purchased a new stake in shares of Century Aluminum in the third quarter worth about $202,000. 68.01% of the stock is owned by institutional investors.
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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