Century Aluminum Company (CENX) PT Set at $17.00 by Cowen and Company
Century Aluminum Company (NASDAQ:CENX) has been assigned a $17.00 price target by research analysts at Cowen and Company in a report issued on Wednesday. The brokerage presently has a “hold” rating on the industrial products company’s stock. Cowen and Company’s price objective indicates a potential upside of 6.12% from the stock’s current price.
CENX has been the topic of a number of other reports. BidaskClub raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Macquarie assumed coverage on shares of Century Aluminum in a research note on Thursday, September 7th. They set a “neutral” rating on the stock. J P Morgan Chase & Co raised shares of Century Aluminum from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $15.00 to $22.00 in a research note on Monday, August 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $14.00 price target on shares of Century Aluminum in a research note on Sunday, July 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.40.
Shares of Century Aluminum (NASDAQ:CENX) traded down 0.44% during mid-day trading on Wednesday, reaching $16.02. 1,734,237 shares of the company were exchanged. The stock has a 50 day moving average price of $18.32 and a 200-day moving average price of $15.56. The stock’s market capitalization is $1.40 billion. Century Aluminum has a 12 month low of $6.51 and a 12 month high of $20.68.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The firm had revenue of $388.80 million during the quarter, compared to analyst estimates of $398.33 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Analysts predict that Century Aluminum will post $0.63 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in CENX. Clinton Group Inc. purchased a new stake in shares of Century Aluminum in the 1st quarter worth about $143,000. Mason Street Advisors LLC boosted its position in shares of Century Aluminum by 7.2% in the 1st quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock worth $148,000 after buying an additional 783 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Century Aluminum by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after buying an additional 4,326 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Century Aluminum in the 2nd quarter worth about $160,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Century Aluminum in the 2nd quarter worth about $168,000. Institutional investors and hedge funds own 67.17% of the company’s stock.
About Century Aluminum
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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