Century Aluminum (CENX) Upgraded to “Hold” by ValuEngine

Century Aluminum (NASDAQ:CENX) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued research reports about the company. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. JPMorgan Chase raised Century Aluminum from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $18.00 to $14.50 in a report on Wednesday, March 14th. Zacks Investment Research raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. Cowen raised Century Aluminum from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $30.00 in a report on Tuesday, March 13th. Finally, Deutsche Bank cut Century Aluminum from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.00 to $14.00 in a report on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.50.

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Shares of CENX opened at $18.03 on Tuesday. Century Aluminum has a 12-month low of $11.59 and a 12-month high of $24.77. The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1,589.26, a price-to-earnings ratio of 50.08 and a beta of 0.87.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Century Aluminum had a return on equity of 4.52% and a net margin of 3.02%. The business had revenue of $433.80 million during the quarter, compared to analysts’ expectations of $427.73 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. research analysts forecast that Century Aluminum will post 1.11 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CENX. SG Americas Securities LLC bought a new stake in shares of Century Aluminum in the 4th quarter valued at about $272,000. Macquarie Group Ltd. bought a new stake in shares of Century Aluminum in the 3rd quarter valued at about $275,000. Teacher Retirement System of Texas bought a new stake in shares of Century Aluminum in the 4th quarter valued at about $350,000. Lazard Asset Management LLC bought a new stake in shares of Century Aluminum in the 4th quarter valued at about $410,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Century Aluminum in the 4th quarter valued at about $487,000. Hedge funds and other institutional investors own 65.18% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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