Century Aluminum (NASDAQ:CENX) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Wednesday.

CENX has been the topic of a number of other research reports. Macquarie began coverage on Century Aluminum in a research report on Thursday, September 7th. They set a “neutral” rating on the stock. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Monday, October 9th. Cowen set a $17.00 price objective on Century Aluminum and gave the company a “hold” rating in a research report on Wednesday, October 11th. Deutsche Bank raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, October 17th. Finally, BMO Capital Markets set a $16.00 price objective on Century Aluminum and gave the company a “hold” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.10.

Century Aluminum (CENX) traded up $0.40 on Wednesday, hitting $14.08. The stock had a trading volume of 1,785,466 shares, compared to its average volume of 2,051,126. Century Aluminum has a fifty-two week low of $8.39 and a fifty-two week high of $20.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 2.61.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $388.80 million for the quarter, compared to the consensus estimate of $392.28 million. During the same period in the previous year, the company posted ($0.31) EPS. Century Aluminum’s quarterly revenue was up 16.5% compared to the same quarter last year. equities analysts expect that Century Aluminum will post 0.39 EPS for the current year.

A number of hedge funds have recently modified their holdings of CENX. State of Alaska Department of Revenue boosted its holdings in Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 4,326 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Century Aluminum in the second quarter worth about $160,000. Piedmont Investment Advisors LLC acquired a new stake in Century Aluminum in the second quarter worth about $168,000. IndexIQ Advisors LLC boosted its holdings in Century Aluminum by 752.8% in the third quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 9,086 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Century Aluminum by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,730 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 370 shares in the last quarter. 68.01% of the stock is currently owned by institutional investors.

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

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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