Century Aluminum Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:CENX)
Shares of Century Aluminum (NASDAQ:CENX) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the company, Stock Ratings Network.com reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.89.
Shares of Century Aluminum (NASDAQ:CENX) traded up 0.58% during mid-day trading on Thursday, hitting $27.60. 170,034 shares of the company’s stock traded hands. Century Aluminum has a 52-week low of $7.76 and a 52-week 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 $2.451 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 $1.01 EPS for the current fiscal year.
CENX has been the subject of a number of recent research reports. Analysts at Morgan Stanley 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 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. Finally, 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.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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