ValuEngine cut shares of Century Aluminum (NASDAQ:CENX) from a buy rating to a hold rating in a research note released on Wednesday.
A number of other equities analysts have also recently issued reports 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 on the stock 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 on the stock in a report on Sunday, March 11th. Finally, JPMorgan Chase & Co. upgraded Century Aluminum from a neutral rating to an overweight rating and reduced their target price for the stock from $18.00 to $14.50 in a report on Wednesday, March 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Century Aluminum has an average rating of Hold and an average target price of $21.60.
Century Aluminum stock opened at $16.18 on Wednesday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 44.94 and a beta of 0.86. Century Aluminum has a 12-month low of $12.94 and a 12-month high of $24.77. The company has a current ratio of 2.88, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, May 3rd. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.14. The business had revenue of $454.50 million for 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 quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) earnings per share. equities analysts predict that Century Aluminum will post 0.92 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. CIBC World Markets Inc. acquired a new stake in Century Aluminum in the 1st quarter valued at approximately $200,000. Ladenburg Thalmann Financial Services Inc. raised its position in Century Aluminum by 497.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock valued at $207,000 after buying an additional 10,450 shares during the last quarter. Global X Management Co. LLC raised its position in Century Aluminum by 154.6% in the 1st quarter. Global X Management Co. LLC now owns 12,906 shares of the industrial products company’s stock valued at $213,000 after buying an additional 7,836 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Century Aluminum in the 4th quarter valued at approximately $272,000. Finally, Mainstay Capital Management LLC ADV acquired a new stake in Century Aluminum in the 1st quarter valued at approximately $270,000. 57.42% of the stock is currently owned by institutional investors and hedge funds.
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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