Century Aluminum Company (NASDAQ:CENX) PT Set at $17.00 by Cowen and Company

Cowen and Company set a $17.00 price objective on Century Aluminum Company (NASDAQ:CENX) in a report released on Wednesday, October 11th. The brokerage currently has a hold rating on the industrial products company’s stock.

Several other brokerages have also issued reports on CENX. BidaskClub lowered shares of Century Aluminum from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Century Aluminum from a hold rating to a buy rating and set a $19.00 price target on the stock in a research note on Monday, October 9th. Deutsche Bank AG upgraded shares of Century Aluminum from a sell rating to a hold rating and lifted their price target for the company from $10.00 to $15.00 in a research note on Friday, June 23rd. BMO Capital Markets reiterated a hold rating and issued a $14.00 price target on shares of Century Aluminum in a research note on Sunday, July 2nd. Finally, J P Morgan Chase & Co upgraded shares of Century Aluminum from a neutral rating to an overweight rating and lifted their price target for the company from $15.00 to $22.00 in a research note on Monday, August 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $18.40.

Century Aluminum (NASDAQ CENX) traded down 1.11% during midday trading on Wednesday, reaching $15.18. The company’s stock had a trading volume of 619,239 shares. Century Aluminum has a 12 month low of $6.51 and a 12 month high of $20.68. The stock’s 50-day moving average price is $17.73 and its 200-day moving average price is $15.69. The firm’s market capitalization is $1.33 billion.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $398.33 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The company’s revenue was up 19.0% compared to the same quarter last year. Analysts predict that Century Aluminum will post $0.56 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Century Aluminum Company (NASDAQ:CENX) PT Set at $17.00 by Cowen and Company” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/23/cowen-and-company-analysts-give-century-aluminum-company-cenx-a-17-00-price-target.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Century Aluminum in the 2nd quarter valued at approximately $997,000. Parallax Volatility Advisers L.P. increased its position in Century Aluminum by 412.4% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock valued at $1,701,000 after acquiring an additional 87,857 shares during the period. First Trust Advisors LP acquired a new position in Century Aluminum in the 2nd quarter valued at approximately $2,825,000. Prudential Financial Inc. increased its position in Century Aluminum by 13.6% in the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock valued at $1,226,000 after acquiring an additional 11,538 shares during the period. Finally, Great West L

Several other brokerages have also issued reports on CENX. BidaskClub lowered shares of Century Aluminum from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Century Aluminum from a hold rating to a buy rating and set a $19.00 price target on the stock in a research note on Monday, October 9th. Deutsche Bank AG upgraded shares of Century Aluminum from a sell rating to a hold rating and lifted their price target for the company from $10.00 to $15.00 in a research note on Friday, June 23rd. BMO Capital Markets reiterated a hold rating and issued a $14.00 price target on shares of Century Aluminum in a research note on Sunday, July 2nd. Finally, J P Morgan Chase & Co upgraded shares of Century Aluminum from a neutral rating to an overweight rating and lifted their price target for the company from $15.00 to $22.00 in a research note on Monday, August 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $18.40.

Century Aluminum (NASDAQ CENX) traded down 1.11% during midday trading on Wednesday, reaching $15.18. The company’s stock had a trading volume of 619,239 shares. Century Aluminum has a 12 month low of $6.51 and a 12 month high of $20.68. The stock’s 50-day moving average price is $17.73 and its 200-day moving average price is $15.69. The firm’s market capitalization is $1.33 billion.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $398.33 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The company’s revenue was up 19.0% compared to the same quarter last year. Analysts predict that Century Aluminum will post $0.56 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Century Aluminum Company (NASDAQ:CENX) PT Set at $17.00 by Cowen and Company” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/23/cowen-and-company-analysts-give-century-aluminum-company-cenx-a-17-00-price-target.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Century Aluminum in the 2nd quarter valued at approximately $997,000. Parallax Volatility Advisers L.P. increased its position in Century Aluminum by 412.4% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock valued at $1,701,000 after acquiring an additional 87,857 shares during the period. First Trust Advisors LP acquired a new position in Century Aluminum in the 2nd quarter valued at approximately $2,825,000. Prudential Financial Inc. increased its position in Century Aluminum by 13.6% in the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock valued at $1,226,000 after acquiring an additional 11,538 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Century Aluminum by 18.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 77,580 shares of the industrial products company’s stock valued at $1,208,000 after acquiring an additional 12,258 shares during the period. Hedge funds and other institutional investors own 67.17% of the company’s stock.

Century Aluminum Company Profile

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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