Analysts Set Century Aluminum Co (CENX) Target Price at $15.63

Century Aluminum Co (NASDAQ:CENX) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $15.63.

Several equities research analysts recently weighed in on the stock. B. Riley cut their price objective on shares of Century Aluminum from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Deutsche Bank raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Thursday, August 2nd. BMO Capital Markets cut their price objective on shares of Century Aluminum from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, October 1st. Finally, BidaskClub cut shares of Century Aluminum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th.

Shares of Century Aluminum stock traded down $0.09 during trading on Friday, reaching $9.25. The company’s stock had a trading volume of 13,474 shares, compared to its average volume of 2,427,729. The stock has a market cap of $818.48 million, a PE ratio of 25.83 and a beta of 1.17. Century Aluminum has a 52 week low of $7.65 and a 52 week high of $24.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 2.56.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%. The business had revenue of $481.80 million during the quarter, compared to analysts’ expectations of $469.09 million. Equities research analysts predict that Century Aluminum will post -0.2 earnings per share for the current fiscal year.

In related news, Director Jarl Berntzen bought 10,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was purchased at an average price of $7.80 per share, with a total value of $78,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.59% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in shares of Century Aluminum in the second quarter worth about $400,000. Tower Research Capital LLC TRC lifted its holdings in shares of Century Aluminum by 1,531.9% in the third quarter. Tower Research Capital LLC TRC now owns 9,106 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 8,548 shares during the last quarter. United Services Automobile Association bought a new position in shares of Century Aluminum in the second quarter worth about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Century Aluminum in the second quarter worth about $166,000. Finally, Virtu Financial LLC bought a new position in shares of Century Aluminum in the third quarter worth about $132,000. 59.64% of the stock is owned by hedge funds and other 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.

Featured Article: Trading Strategy Examples and Plans

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply