Century Aluminum Price Target Increased to $34.00 by Analysts at CRT Capital (CENX)
Equities researchers at CRT Capital lifted their price target on shares of Century Aluminum (NASDAQ:CENX) from $23.00 to $34.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. CRT Capital’s target price indicates a potential upside of 26.07% from the company’s current price.
Shares of Century Aluminum (NASDAQ:CENX) opened at 26.97 on Wednesday. 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 $2.395 billion.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.39) earnings per share. Century Aluminum’s revenue was up 38.1% compared to the same quarter last year. Analysts expect that Century Aluminum will post $1.02 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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. 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.19.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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