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Research analysts at Morgan Stanley initiated coverage on shares of Century Aluminum (NASDAQ:CENX) in a report released on Wednesday. The firm set a “buy” rating and a $30.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 11.23% from the stock’s previous close.

Shares of Century Aluminum (NASDAQ:CENX) traded up 2.45% on Wednesday, hitting $27.63. The stock had a trading volume of 497,313 shares. Century Aluminum has a 1-year low of $7.65 and a 1-year high of $27.38. The stock has a 50-day moving average of $20.74 and a 200-day moving average of $15.5. The company’s market cap is $2.454 billion.

Century Aluminum (NASDAQ:CENX) last issued its quarterly 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 $1.02 EPS for the current fiscal year.

A number of other firms have also recently commented on CENX. Analysts at CRT Capital raised their price target on shares of Century Aluminum from $23.00 to $34.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Century Aluminum in a research note on Wednesday. They set a “buy” rating and a $30.00 price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.89.

Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.

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