Century Aluminum Price Target Cut to $9.00 (CENX)
Equities research analysts at Morgan Stanley reduced their price objective on shares of Century Aluminum (NASDAQ:CENX) from $10.00 to $9.00 in a research note issued to investors on Monday, AnalystRatingsNetwork reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 13.21% from the stock’s previous close.
A number of other analysts have also recently weighed in on CENX. Analysts at Zacks upgraded shares of Century Aluminum from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $8.50 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Century Aluminum in a research note to investors on Wednesday, July 31st. They now have a $8.50 price target on the stock, down previously from $9.00. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.10.
Century Aluminum (NASDAQ:CENX) traded down 1.97% on Monday, hitting $7.95. 472,782 shares of the company’s stock traded hands. Century Aluminum has a one year low of $6.26 and a one year high of $10.60. The stock has a 50-day moving average of $8.26 and a 200-day moving average of $8.6. The company’s market cap is $704.4 million.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.24. The company had revenue of $331.90 million for the quarter, compared to the consensus estimate of $304.27 million. During the same quarter last year, the company posted ($0.14) earnings per share. Century Aluminum’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that Century Aluminum will post $-0.76 EPS for the current fiscal year.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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