Century Aluminum (NASDAQ:CENX) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.
A number of other equities analysts have also recently commented on the company. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Monday, April 9th. TheStreet upgraded Century Aluminum from a “c” rating to a “b-” rating in a 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 target price for the company in a report on Sunday, March 11th. Finally, JPMorgan Chase upgraded Century Aluminum from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $18.00 to $14.50 in a report on Wednesday, March 14th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.60.
NASDAQ CENX opened at $17.50 on Thursday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 45.63 and a beta of 0.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.88 and a quick ratio of 1.21. Century Aluminum has a 1-year low of $12.94 and a 1-year high of $24.77.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, May 3rd. The industrial products company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.14. The business had revenue of $454.50 million during the quarter, compared to analysts’ expectations of $439.06 million. Century Aluminum had a return on equity of 4.59% and a net margin of 3.75%. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. research analysts forecast that Century Aluminum will post 0.92 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Century Aluminum by 329.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,340,691 shares of the industrial products company’s stock valued at $22,176,000 after acquiring an additional 1,028,829 shares during the period. ING Groep NV boosted its holdings in Century Aluminum by 25.8% during the 4th quarter. ING Groep NV now owns 3,073,401 shares of the industrial products company’s stock valued at $60,362,000 after acquiring an additional 629,762 shares during the period. Millennium Management LLC boosted its holdings in Century Aluminum by 1,811.1% during the 1st quarter. Millennium Management LLC now owns 429,729 shares of the industrial products company’s stock valued at $7,108,000 after acquiring an additional 407,243 shares during the period. Kennedy Capital Management Inc. purchased a new position in Century Aluminum during the 4th quarter valued at $7,751,000. Finally, Matarin Capital Management LLC purchased a new position in Century Aluminum during the 1st quarter valued at $6,509,000. Hedge funds and other institutional investors own 60.45% 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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