BidaskClub upgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a buy rating in a research note issued to investors on Saturday.
Several other research analysts have also issued reports on CENX. Zacks Investment Research lowered Century Aluminum from a hold rating to a sell rating in a report on Tuesday, January 9th. Deutsche Bank lowered Century Aluminum from a buy rating to a hold rating and cut their price target for the stock from $20.00 to $14.00 in a report on Wednesday, December 20th. JPMorgan Chase & Co. lowered Century Aluminum from an overweight rating to a neutral rating and cut their price target for the stock from $22.00 to $14.50 in a report on Monday, October 30th. Cowen set a $16.00 price target on Century Aluminum and gave the stock a hold rating in a report on Sunday, October 29th. Finally, BMO Capital Markets set a $16.00 price target on Century Aluminum and gave the stock a hold rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $15.90.
Century Aluminum (NASDAQ:CENX) traded up $0.72 during midday trading on Friday, reaching $22.14. The company had a trading volume of 1,213,608 shares, compared to its average volume of 1,770,082. Century Aluminum has a fifty-two week low of $11.26 and a fifty-two week high of $22.37. The firm has a market capitalization of $1,933.42, a PE ratio of -12.23 and a beta of 0.41. The company has a quick ratio of 1.27, a current ratio of 2.61 and a debt-to-equity ratio of 0.32.
A number of large investors have recently made changes to their positions in CENX. BlueCrest Capital Management Ltd bought a new position in shares of Century Aluminum in the second quarter valued at approximately $160,000. Piedmont Investment Advisors LLC bought a new position in shares of Century Aluminum in the second quarter valued at approximately $168,000. IndexIQ Advisors LLC lifted its holdings in shares of Century Aluminum by 752.8% in the third quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 9,086 shares in the last quarter. ARP Americas LLC bought a new position in shares of Century Aluminum in the third quarter valued at approximately $202,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Century Aluminum by 15.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 67.98% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Century Aluminum (CENX) Upgraded by BidaskClub to “Buy”” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://weekherald.com/2018/01/21/century-aluminum-cenx-upgraded-by-bidaskclub-to-buy.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.
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.