Century Aluminum (NASDAQ:CENX) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a buy rating in a research note released on Saturday, January 20th.

Several other equities analysts also recently issued reports on CENX. Zacks Investment Research raised shares of Century Aluminum from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Monday, October 9th. Cowen set a $17.00 price target on shares of Century Aluminum and gave the company a hold rating in a report on Wednesday, October 11th. Deutsche Bank raised shares of Century Aluminum from a hold rating to a buy rating and set a $20.00 price target for the company in a report on Tuesday, October 17th. BMO Capital Markets set a $16.00 price target on shares of Century Aluminum and gave the company a hold rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. downgraded shares of Century Aluminum from an overweight rating to a neutral rating and reduced their price target for the company from $22.00 to $14.50 in a report on Monday, October 30th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of $15.90.

Shares of Century Aluminum (NASDAQ CENX) traded up $0.36 on Friday, hitting $21.19. 1,600,000 shares of the stock traded hands, compared to its average volume of 1,733,712. Century Aluminum has a 52 week low of $11.26 and a 52 week high of $24.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Century Aluminum by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 569,231 shares of the industrial products company’s stock valued at $11,180,000 after purchasing an additional 3,120 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Century Aluminum by 16.4% during the fourth quarter. Rhumbline Advisers now owns 119,901 shares of the industrial products company’s stock valued at $2,355,000 after purchasing an additional 16,923 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Century Aluminum by 223.8% during the fourth quarter. Arizona State Retirement System now owns 83,660 shares of the industrial products company’s stock valued at $1,643,000 after purchasing an additional 57,823 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Century Aluminum by 4.6% during the fourth quarter. Pinebridge Investments L.P. now owns 65,778 shares of the industrial products company’s stock valued at $1,292,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Century Aluminum during the fourth quarter valued at about $350,000. Institutional investors and hedge funds own 68.04% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Century Aluminum (NASDAQ:CENX) Lifted to Buy at BidaskClub” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2018/02/12/century-aluminum-cenx-upgraded-to-buy-by-bidaskclub.html.

About Century Aluminum

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)

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