Century Aluminum Co. (NASDAQ:CENX) Receives Average Rating of “Hold” from Brokerages
Shares of Century Aluminum Co. (NASDAQ:CENX) have received a consensus rating of “Hold” from the eight research firms that are presently covering the stock. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.17.
CENX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Century Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. JPMorgan Chase & Co. restated a “sell” rating on shares of Century Aluminum in a research note on Friday, July 29th.
Century Aluminum (NASDAQ:CENX) traded up 0.27% during midday trading on Friday, hitting $7.30. The stock had a trading volume of 683,467 shares. Century Aluminum has a one year low of $2.63 and a one year high of $9.40. The stock has a 50-day moving average price of $6.55 and a 200 day moving average price of $6.94. The firm’s market cap is $635.65 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/century-aluminum-co-nasdaqcenx-receives-average-rating-of-hold-from-brokerages.html
Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Century Aluminum had a negative return on equity of 11.96% and a negative net margin of 8.41%. The business earned $326.75 million during the quarter, compared to analyst estimates of $338.22 million. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down 37.6% compared to the same quarter last year. On average, analysts predict that Century Aluminum will post ($0.32) earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Profund Advisors LLC raised its position in shares of Century Aluminum by 5.9% in the second quarter. Profund Advisors LLC now owns 16,396 shares of the company’s stock valued at $104,000 after buying an additional 920 shares during the last quarter. Springbok Capital Management LLC purchased a new position in shares of Century Aluminum during the first quarter valued at approximately $106,000. TFS Capital LLC purchased a new position in shares of Century Aluminum during the second quarter valued at approximately $130,000. Zacks Investment Management purchased a new position in shares of Century Aluminum during the second quarter valued at approximately $132,000. Finally, BlackRock Advisors LLC raised its position in shares of Century Aluminum by 4.4% in the second quarter. BlackRock Advisors LLC now owns 23,517 shares of the company’s stock valued at $149,000 after buying an additional 994 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.
Receive News & Ratings for Century Aluminum Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum Co. and related companies with MarketBeat.com's FREE daily email newsletter.