Century Aluminum Company (NASDAQ:CENX) was downgraded by investment analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued to investors on Monday, The Fly reports.

A number of other equities analysts have also recently commented on the stock. Deutsche Bank AG raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 18th. Cowen and Company set a $17.00 price target on shares of Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, Macquarie initiated coverage on shares of Century Aluminum in a research note on Thursday, September 7th. They issued a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.60.

Century Aluminum (NASDAQ:CENX) opened at 15.18 on Monday. The company has a 50-day moving average of $17.16 and a 200 day moving average of $15.78. Century Aluminum has a 52 week low of $6.51 and a 52 week high of $20.68. The company’s market cap is $1.33 billion.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The company had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $392.28 million. During the same period in the prior year, the firm earned ($0.31) EPS. Century Aluminum’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Century Aluminum will post $0.56 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of Century Aluminum by 41.9% in the 2nd quarter. Alliancebernstein L.P. now owns 97,900 shares of the industrial products company’s stock worth $1,525,000 after acquiring an additional 28,900 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Century Aluminum in the 2nd quarter worth approximately $997,000. Parallax Volatility Advisers L.P. lifted its holdings in shares of Century Aluminum by 412.4% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock worth $1,701,000 after acquiring an additional 87,857 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Century Aluminum in the 2nd quarter worth approximately $2,825,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Century Aluminum by 13.6% in the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock worth $1,226,000 after acquiring an additional 11,538 shares during the last quarter. Hedge funds and other institutional investors own 67.23% 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.

The Fly

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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