Century Aluminum Given Average Recommendation of “Hold” by Brokerages (NASDAQ:CENX)
Shares of Century Aluminum (NASDAQ:CENX) have earned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Stock Ratings Network reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.00.
CENX has been the subject of a number of recent research reports. Analysts at Bank of America upgraded shares of Century Aluminum from an “underperform” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $14.00 price target on the stock, up previously from $9.00. Separately, analysts at Furey Research Partners initiated coverage on shares of Century Aluminum in a research note on Wednesday, May 7th. They set a “buy” rating and a $18.50 price target on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Century Aluminum in a research note on Wednesday, May 7th. They set a “buy” rating on the stock.
Shares of Century Aluminum (NASDAQ:CENX) opened at 15.00 on Monday. Century Aluminum has a 1-year low of $7.65 and a 1-year high of $15.50. The stock’s 50-day moving average is $14.12 and its 200-day moving average is $12.14. The company’s market cap is $1.332 billion.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.18. The company had revenue of $420.80 million for the quarter, compared to the consensus estimate of $437.44 million. During the same quarter last year, the company posted $0.09 earnings per share. Century Aluminum’s revenue was up 31.0% compared to the same quarter last year. On average, analysts predict that Century Aluminum will post $0.70 earnings per share for the current fiscal year.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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