Century Aluminum (NASDAQ:CENX) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $14.00 target price on the industrial products company’s stock, down from their previous target price of $20.00. Deutsche Bank’s target price indicates a potential downside of 17.31% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. J P Morgan Chase & Co downgraded shares of Century Aluminum from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $14.50 in a report on Monday, October 30th. Cowen set a $16.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, BMO Capital Markets set a $16.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.90.

Shares of Century Aluminum (NASDAQ CENX) traded up $0.90 during mid-day trading on Wednesday, hitting $16.93. 2,076,900 shares of the stock were exchanged, compared to its average volume of 2,466,200. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 2.61. Century Aluminum has a twelve month low of $8.39 and a twelve month high of $20.68.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The business had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.31) EPS. analysts anticipate that Century Aluminum will post 0.38 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in CENX. BlueCrest Capital Management Ltd acquired a new position in shares of Century Aluminum in the second quarter valued at $160,000. Piedmont Investment Advisors LLC acquired a new position in shares of Century Aluminum in the second quarter valued at $168,000. IndexIQ Advisors LLC increased its holdings 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 valued at $171,000 after purchasing an additional 9,086 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings 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 valued at $183,000 after purchasing an additional 370 shares during the last quarter. Finally, ARP Americas LLC acquired a new position in shares of Century Aluminum in the third quarter valued at $202,000. Hedge funds and other institutional investors own 67.98% of the company’s stock.

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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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