Century Aluminum (CENX) Lowered to Strong Sell at BidaskClub

BidaskClub cut shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a strong sell rating in a research note released on Thursday.

Several other equities analysts also recently issued reports on CENX. ValuEngine downgraded shares of Century Aluminum from a hold rating to a sell rating in a report on Monday, July 2nd. B. Riley dropped their target price on shares of Century Aluminum from $27.00 to $25.00 and set a buy rating for the company in a research note on Thursday, August 2nd. BMO Capital Markets dropped their target price on shares of Century Aluminum from $28.00 to $22.00 and set a buy rating for the company in a research note on Wednesday, August 1st. Deutsche Bank raised shares of Century Aluminum from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of Century Aluminum from a strong-buy rating to a hold rating in a research note on Monday, April 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $21.17.

Shares of Century Aluminum opened at $12.15 on Thursday, MarketBeat reports. Century Aluminum has a 12-month low of $11.77 and a 12-month high of $24.77. The stock has a market cap of $1.06 billion, a P/E ratio of 33.75 and a beta of 0.78. The company has a quick ratio of 1.16, a current ratio of 2.89 and a debt-to-equity ratio of 0.29.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The firm had revenue of $470.00 million during the quarter, compared to the consensus estimate of $458.03 million. During the same period last year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. equities research analysts expect that Century Aluminum will post 0.91 EPS for the current fiscal year.

In other Century Aluminum news, VP Michelle Harrison sold 14,398 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $17.39, for a total value of $250,381.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. United Services Automobile Association bought a new position in shares of Century Aluminum in the second quarter worth about $40,705,000. Dimensional Fund Advisors LP raised its stake in shares of Century Aluminum by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,359,906 shares of the industrial products company’s stock worth $115,918,000 after acquiring an additional 622,137 shares during the last quarter. Tibra Equities Europe Ltd bought a new position in shares of Century Aluminum in the second quarter worth about $292,000. BlackRock Inc. raised its stake in shares of Century Aluminum by 6.9% during the second quarter. BlackRock Inc. now owns 6,913,125 shares of the industrial products company’s stock worth $108,881,000 after buying an additional 448,128 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Century Aluminum during the second quarter worth approximately $2,375,000. 58.88% of the stock is owned by institutional investors.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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