Century Aluminum Co (NASDAQ:CENX) gapped down prior to trading on Thursday . The stock had previously closed at $9.81, but opened at $10.18. Century Aluminum shares last traded at $10.17, with a volume of 52188 shares traded.
A number of brokerages have issued reports on CENX. B. Riley reduced their price objective on shares of Century Aluminum from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. Deutsche Bank downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating and reduced their target price for the company from $20.00 to $15.00 in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Monday, October 1st. Berenberg Bank assumed coverage on shares of Century Aluminum in a research report on Friday, September 21st. They set a “sell” rating and a $10.00 target price for the company. Finally, BidaskClub downgraded shares of Century Aluminum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Century Aluminum currently has an average rating of “Hold” and an average target price of $17.14.
The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 28.22 and a beta of 0.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 2.89.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The firm had revenue of $470.00 million during the quarter, compared to the consensus estimate of $458.03 million. During the same period in the prior year, the firm earned $0.01 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts anticipate that Century Aluminum Co will post 0.91 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new position in shares of Century Aluminum during the 2nd quarter valued at approximately $400,000. Bank of Montreal Can grew its position in shares of Century Aluminum by 6.8% during the 3rd quarter. Bank of Montreal Can now owns 116,889 shares of the industrial products company’s stock valued at $1,399,000 after acquiring an additional 7,395 shares during the period. Principal Financial Group Inc. boosted its holdings in Century Aluminum by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 382,560 shares of the industrial products company’s stock worth $6,328,000 after buying an additional 10,091 shares during the period. United Services Automobile Association bought a new position in Century Aluminum in the 2nd quarter worth approximately $159,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings 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 worth $207,000 after buying an additional 10,450 shares during the period. 56.00% of the stock is owned by hedge funds and other institutional investors.
Century Aluminum Company Profile (NASDAQ:CENX)
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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