Century Aluminum (NASDAQ:CENX) was upgraded by equities researchers at Berenberg Bank from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a $9.00 price objective on the industrial products company’s stock, down from their previous price objective of $10.00. Berenberg Bank’s target price indicates a potential upside of 4.17% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other research analysts have also recently weighed in on CENX. ValuEngine upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Century Aluminum from a “strong sell” rating to a “sell” rating in a report on Saturday, November 3rd. Macquarie set a $13.00 price objective on shares of Century Aluminum and gave the company a “hold” rating in a report on Friday, October 26th. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Thursday. Finally, B. Riley dropped their price objective on shares of Century Aluminum from $23.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.31.
Shares of Century Aluminum stock traded up $0.07 on Monday, reaching $8.64. The company had a trading volume of 21,325 shares, compared to its average volume of 1,910,459. The company has a market capitalization of $763.28 million, a price-to-earnings ratio of 23.72 and a beta of 1.29. Century Aluminum has a 52-week low of $6.54 and a 52-week high of $24.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 2.56.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $481.80 million for the quarter, compared to the consensus estimate of $469.09 million. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%. Equities analysts expect that Century Aluminum will post -0.27 earnings per share for the current year.
In other Century Aluminum news, Director Jarl Berntzen purchased 10,000 shares of Century Aluminum stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average price of $7.80 per share, for a total transaction of $78,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in CENX. Tower Research Capital LLC TRC raised its position in Century Aluminum by 1,531.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,106 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 8,548 shares during the last quarter. Virtu Financial LLC purchased a new stake in Century Aluminum in the 3rd quarter valued at $132,000. United Services Automobile Association purchased a new stake in Century Aluminum in the 2nd quarter valued at $159,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Century Aluminum in the 3rd quarter valued at $192,000. Finally, SG Americas Securities LLC raised its position in Century Aluminum by 30.4% in the 3rd quarter. SG Americas Securities LLC now owns 34,392 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 8,017 shares during the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.
About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary and secondary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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