Century Aluminum Now Covered by Deutsche Bank (CENX)
Equities researchers at Deutsche Bank began coverage on shares of Century Aluminum (NASDAQ:CENX) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $30.00 price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 11.23% from the stock’s previous close.
Century Aluminum (NASDAQ:CENX) opened at 27.30 on Wednesday. Century Aluminum has a 1-year low of $7.65 and a 1-year high of $27.38. The stock’s 50-day moving average is $20.74 and its 200-day moving average is $15.5. The company’s market cap is $2.424 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 $1.02 EPS for the current fiscal year.
A number of other firms have also 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.19.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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