Brokerages Set Century Aluminum Company (NASDAQ:CENX) Price Target at $76.00

Century Aluminum Company (NASDAQ:CENX) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $76.00.

Several brokerages have recently weighed in on CENX. Wall Street Zen downgraded shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Wells Fargo & Company increased their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, B. Riley Financial decreased their price target on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th.

Century Aluminum Stock Performance

NASDAQ CENX opened at $45.20 on Thursday. The business’s 50-day moving average price is $51.17 and its 200 day moving average price is $53.93. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. Century Aluminum has a twelve month low of $20.21 and a twelve month high of $70.43. The company has a market capitalization of $4.47 billion, a PE ratio of 13.49 and a beta of 1.96.

Institutional Trading of Century Aluminum

A number of institutional investors and hedge funds have recently made changes to their positions in CENX. Jones Financial Companies Lllp acquired a new stake in Century Aluminum in the 1st quarter valued at approximately $25,000. Private Trust Co. NA acquired a new position in Century Aluminum during the 4th quarter worth $28,000. Hollencrest Capital Management bought a new position in shares of Century Aluminum in the first quarter worth $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,306 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Century Aluminum during the third quarter valued at $34,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.