Century Aluminum (NASDAQ:CENX) had its price target hoisted by Deutsche Bank from $18.00 to $20.00 in a research report report published on Wednesday morning. Deutsche Bank currently has a hold rating on the industrial products company’s stock.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Century Aluminum from a hold rating to a sell rating in a report on Tuesday, January 9th. BidaskClub upgraded Century Aluminum from a sell rating to a hold rating in a research report on Thursday, December 14th. TheStreet upgraded Century Aluminum from a c rating to a b- rating in a research report on Friday, February 23rd. BMO Capital Markets upgraded Century Aluminum from a market perform rating to an outperform rating and set a $28.00 price target on the stock in a research report on Sunday, March 11th. Finally, JPMorgan Chase upgraded Century Aluminum from a neutral rating to an overweight rating and decreased their price target for the stock from $18.00 to $14.50 in a research report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $21.50.
CENX opened at $18.15 on Wednesday. Century Aluminum has a fifty-two week low of $11.59 and a fifty-two week high of $24.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.91 and a quick ratio of 1.24. The firm has a market cap of $1,632.17, a PE ratio of 50.38 and a beta of 0.87.
Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. Century Aluminum had a return on equity of 4.52% and a net margin of 3.02%. The company had revenue of $433.80 million during the quarter, compared to the consensus estimate of $427.73 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The company’s revenue was up 27.7% on a year-over-year basis. sell-side analysts predict that Century Aluminum will post 1.49 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Century Aluminum in the fourth quarter worth $272,000. Macquarie Group Ltd. bought a new position in shares of Century Aluminum in the third quarter worth $275,000. Teacher Retirement System of Texas bought a new position in shares of Century Aluminum in the fourth quarter worth $350,000. Lazard Asset Management LLC bought a new position in shares of Century Aluminum in the fourth quarter worth $410,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Century Aluminum in the fourth quarter worth $487,000. Institutional investors own 65.18% of the company’s stock.
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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