Century Aluminum Company (NASDAQ:CENX) received a $16.00 price objective from stock analysts at BMO Capital Markets in a note issued to investors on Friday, October 27th. The brokerage presently has a “hold” rating on the industrial products company’s stock. BMO Capital Markets’ price target suggests a potential upside of 11.65% from the company’s current price.
Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. BidaskClub lowered Century Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, October 17th. Cowen and Company set a $17.00 target price on Century Aluminum and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Finally, J P Morgan Chase & Co raised Century Aluminum from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $15.00 to $22.00 in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.10.
Shares of Century Aluminum (NASDAQ CENX) traded down $0.01 during mid-day trading on Friday, reaching $14.33. 1,532,900 shares of the company traded hands, compared to its average volume of 2,483,338. Century Aluminum has a 12-month low of $8.39 and a 12-month high of $20.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The business had revenue of $388.80 million for the quarter, compared to analysts’ expectations of $392.28 million. During the same quarter last year, the company posted ($0.31) earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. analysts expect that Century Aluminum will post 0.39 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC raised its stake in shares of Century Aluminum by 7.2% during the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 783 shares during the last quarter. State of Alaska Department of Revenue increased its position in Century Aluminum by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 4,326 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Century Aluminum during the second quarter worth about $160,000. Piedmont Investment Advisors LLC acquired a new stake in Century Aluminum during the second quarter worth about $168,000. Finally, IndexIQ Advisors LLC increased its position in Century Aluminum by 752.8% during the third quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 9,086 shares during the last quarter. Institutional investors and hedge funds own 68.72% 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.
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