Century Aluminum Price Target Cut to $10.00 by Analysts at Cowen and Company (CENX)
Research analysts at Cowen and Company reduced their price objective on shares of Century Aluminum (NASDAQ:CENX) from $13.00 to $10.00 in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target points to a potential upside of 25.79% from the stock’s previous close.
Shares of Century Aluminum (NASDAQ:CENX) opened at 7.95 on Tuesday. Century Aluminum has a 1-year low of $6.26 and a 1-year high of $10.60. The stock’s 50-day moving average is $8.2 and its 200-day moving average is $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 in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Century Aluminum will post $-0.76 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CENX. Analysts at Morgan Stanley cut their price target on shares of Century Aluminum from $10.00 to $9.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, 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 Zacks downgraded shares of Century Aluminum from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 19th. They now have a $8.30 price target on the stock. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $8.80.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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