Century Aluminum Price Target Raised to $23.00 at CRT Capital (CENX)
Research analysts at CRT Capital increased their price objective on shares of Century Aluminum (NASDAQ:CENX) from $18.50 to $23.00 in a report released on Monday. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective indicates a potential upside of 15.69% from the company’s current price.
Shares of Century Aluminum (NASDAQ:CENX) traded up 1.11% during mid-day trading on Monday, hitting $20.10. The stock had a trading volume of 312,226 shares. Century Aluminum has a 52 week low of $7.65 and a 52 week high of $19.94. The stock’s 50-day moving average is $16.95 and its 200-day moving average is $13.87. The company’s market cap is $1.785 billion.
Century Aluminum (NASDAQ:CENX) last released its earnings data on Wednesday, July 30th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.03. The company had revenue of $458.30 million for the quarter, compared to the consensus estimate of $438.71 million. During the same quarter in the prior year, the company posted ($0.39) earnings per share. The company’s quarterly revenue was up 38.1% on a year-over-year basis. Analysts expect that Century Aluminum will post $0.96 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Century Aluminum in a research note on Thursday. They now have a $24.00 price target on the stock, up previously from $15.00. Separately, analysts at Cowen and Company raised their price target on shares of Century Aluminum from $13.00 to $19.00 in a research note on Thursday. Finally, analysts at Goldman Sachs upgraded shares of Century Aluminum from a “sell” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $15.50 price target on the stock, up previously from $8.00. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $16.06.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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