Century Aluminum Sets New 52-Week High at $26.73 (CENX)
Century Aluminum (NASDAQ:CENX) shares reached a new 52-week high during mid-day trading on Tuesday , Stock Ratings News reports. The stock traded as high as $26.73 and last traded at $26.40, with a volume of 1,598,612 shares. The stock had previously closed at $24.98.
A number of research firms have recently commented on CENX. Analysts at Morgan Stanley upgraded shares of Century Aluminum from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. They now have a $33.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Century Aluminum from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $20.90 price target on the stock. Finally, analysts at CRT Capital raised their price target on shares of Century Aluminum from $18.50 to $23.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $20.10.
The stock’s 50-day moving average is $20.38 and its 200-day moving average is $15.38. The company’s market cap is $2.402 billion.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Century Aluminum will post $0.97 earnings per share for the current fiscal year.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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