ValuEngine Downgrades Century Aluminum (CENX) to Strong Sell

ValuEngine downgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a strong sell rating in a report published on Saturday.

A number of other brokerages have also commented on CENX. BidaskClub lowered shares of Century Aluminum from a hold rating to a sell rating in a report on Saturday, July 7th. Zacks Investment Research upgraded shares of Century Aluminum from a sell rating to a hold rating in a report on Wednesday, July 4th. B. Riley cut their price target on shares of Century Aluminum from $27.00 to $25.00 and set a buy rating on the stock in a report on Thursday, August 2nd. Berenberg Bank initiated coverage on shares of Century Aluminum in a report on Friday, September 21st. They issued a sell rating and a $10.00 target price on the stock. Finally, Deutsche Bank upgraded shares of Century Aluminum from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $15.63.

Shares of NASDAQ:CENX opened at $8.02 on Friday. The firm has a market cap of $676.28 million, a PE ratio of 13.79 and a beta of 0.72. The company has a current ratio of 2.56, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. Century Aluminum has a 52 week low of $7.65 and a 52 week high of $24.77.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $481.80 million for the quarter, compared to analyst estimates of $469.09 million. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%. Equities analysts anticipate that Century Aluminum will post -0.04 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Mainstay Capital Management LLC ADV lifted its holdings in Century Aluminum by 421.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 85,165 shares of the industrial products company’s stock valued at $4,800,000 after buying an additional 68,820 shares during the period. OppenheimerFunds Inc. lifted its holdings in Century Aluminum by 27.8% in the second quarter. OppenheimerFunds Inc. now owns 60,446 shares of the industrial products company’s stock valued at $952,000 after buying an additional 13,149 shares during the period. Principal Financial Group Inc. lifted its holdings in Century Aluminum by 2.7% in the first quarter. Principal Financial Group Inc. now owns 382,560 shares of the industrial products company’s stock valued at $6,328,000 after buying an additional 10,091 shares during the period. United Services Automobile Association acquired a new position in Century Aluminum in the second quarter valued at $40,705,000. Finally, Tibra Equities Europe Ltd acquired a new position in Century Aluminum in the second quarter valued at $292,000. Institutional investors and hedge funds own 55.99% of the company’s stock.

About Century Aluminum

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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