Century Aluminum (CENX) – Analysts’ Recent Ratings Updates
A number of firms have modified their ratings and price targets on shares of Century Aluminum (NASDAQ: CENX) recently:
- Century Aluminum was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $33.00 price target on the stock. They wrote, “We are upgrading CENX to Overweight and introducing our PT at $33 (up 106% vs. our previous base case). Our upgrade is based on 69% upward revision to our 2015e EBITDA on stronger pricing & mix. We see $4/share of incremental value from mix improvement, $3 from growth, and $1 from cost cutting opportunities, not currently priced in shares. We estimate 2015e FCF at $3.68/sh, leaving sufficient cash to invest in low-capex growth/mix improvement opportunities and capital return (share buyback or special dividend). Our bull case is at $50 on higher EBITDA (73% above base case).”
- Century Aluminum is now covered by analysts at Morgan Stanley. They set a “buy” rating and a $30.00 price target on the stock.
- Century Aluminum is now covered by analysts at Deutsche Bank. They set a “buy” rating and a $30.00 price target on the stock.
- Century Aluminum had its price target raised by analysts at CRT Capital from $23.00 to $34.00. They now have a “buy” rating on the stock.
Century Aluminum Co (NASDAQ:CENX) opened at 27.44 on Thursday. Century Aluminum Co has a one year low of $7.76 and a one year high of $27.81. The stock’s 50-day moving average is $21.02 and its 200-day moving average is $15.67. The company’s market cap is $2.437 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 Co will post $1.02 EPS for the current fiscal year.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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