Century Aluminum (NASDAQ:CENX) PT Raised to $16.00

Century Aluminum (NASDAQ:CENX) had its price target boosted by research analysts at BMO Capital Markets from $15.00 to $16.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the industrial products company’s stock. BMO Capital Markets’ price target indicates a potential downside of 4.82% from the company’s previous close.

CENX has been the subject of a number of other research reports. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $14.00 in a research note on Tuesday, January 9th.

Century Aluminum Stock Up 3.3 %

NASDAQ CENX traded up $0.53 during trading on Thursday, reaching $16.81. 1,228,864 shares of the company’s stock were exchanged, compared to its average volume of 1,517,614. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $18.64. The stock has a market cap of $1.56 billion, a P/E ratio of 7.71 and a beta of 2.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.38 and a current ratio of 1.67. The company has a 50 day moving average price of $14.53 and a two-hundred day moving average price of $11.13.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.53. Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. The company had revenue of $512.30 million for the quarter, compared to analyst estimates of $514.40 million. On average, equities research analysts anticipate that Century Aluminum will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Aluminum

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Century Aluminum by 199.8% in the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 1,918 shares in the last quarter. Strs Ohio boosted its holdings in Century Aluminum by 625.0% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 7,500 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Century Aluminum by 35.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,405 shares during the period. Allworth Financial LP acquired a new position in Century Aluminum during the 4th quarter worth approximately $68,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Century Aluminum by 34.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company’s stock worth $81,000 after buying an additional 2,899 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.