Century Aluminum (NASDAQ: CENX) has recently received a number of price target changes and ratings updates:

  • 8/2/2017 – Century Aluminum was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2017 – Century Aluminum was given a new $16.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 8/1/2017 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Estimates for the current quarter for Century Aluminum have been going up lately. Century Aluminum has outperformed the industry it belongs to over a year. Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak operating environment. It should also gain from strong aluminum demand across automotive and aerospace markets in its key regions, North America and China, as well as acquisitions. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment.”
  • 7/18/2017 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “Estimates for Century Aluminum have been going up of late. The company has outperformed the Zacks categorized Metal Procurement & Fabrication industry over a year. Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak operating environment. It should also gain from strong aluminum demand across automotive and aerospace markets in its key regions, North America and China, as well as acquisitions. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment.”
  • 7/17/2017 – Century Aluminum was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Century Aluminum has outperformed the Zacks categorized Metal Procurement & Fabrication industry over a year. Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak operating environment. It should also gain from strong aluminum demand across automotive and aerospace markets in its key regions, North America and China, as well as acquisitions. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment. However, Century Aluminum is still facing a difficult pricing environment, which may continue to affect its earnings. High levels of exports from China is keeping aluminum prices under pressure. The company is also seeing high power costs.”
  • 7/11/2017 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Estimates for Century Aluminum for the second quarter have been going up lately. Century Aluminum has outperformed the Zacks categorized Metal Procurement & Fabrication industry over a year. Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak operating environment. It should also gain from strong aluminum demand across automotive and aerospace markets in its key regions, North America and China, as well as acquisitions. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment.”
  • 7/2/2017 – Century Aluminum had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $14.00 price target on the stock.
  • 6/27/2017 – Century Aluminum was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Estimates for Century Aluminum for the second quarter have been stable lately. Century Aluminum has outperformed the Zacks categorized Metal Procurement & Fabrication industry over a year. Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak operating environment. It should also gain from strong aluminum demand across automotive and aerospace markets in its key regions, North America and China, as well as acquisitions. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment. However, Century Aluminum is still facing a difficult pricing environment, which may continue to affect its earnings. The company is also seeing high power costs.”
  • 6/23/2017 – Century Aluminum was upgraded by analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating. They now have a $15.00 price target on the stock, up previously from $10.00.
  • 6/17/2017 – Century Aluminum was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/14/2017 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Annual estimates for Century Aluminum have been going up lately. Century Aluminum has outperformed the Zacks categorized Metal Procurement & Fabrication industry over a year. Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak operating environment. It should also gain from strong aluminum demand across automotive and aerospace markets in its key regions, North America and China, as well as acquisitions. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment.”
  • 6/9/2017 – Century Aluminum was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Century Aluminum Company (NASDAQ:CENX) traded up 2.53% during mid-day trading on Monday, reaching $13.58. The company had a trading volume of 3,380,180 shares. Century Aluminum Company has a 52-week low of $5.53 and a 52-week high of $19.08. The stock’s market capitalization is $1.19 billion. The company’s 50-day moving average is $16.28 and its 200 day moving average is $14.43.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.28. The business had revenue of $388.80 million for the quarter, compared to the consensus estimate of $398.33 million. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. Analysts anticipate that Century Aluminum Company will post $0.63 EPS for the current fiscal year.

In other news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $14.88, for a total transaction of $410,955.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

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. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

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