Century Aluminum Co (CENX) Given Consensus Recommendation of “Hold” by Analysts

Century Aluminum Co (NASDAQ:CENX) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $15.13.

Several research firms have weighed in on CENX. Deutsche Bank upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, October 17th. JPMorgan Chase & Co. downgraded shares of Century Aluminum from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $14.50 in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. Cowen set a $16.00 price objective on shares of Century Aluminum and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, December 14th.

Shares of Century Aluminum (CENX) opened at $21.42 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27. Century Aluminum has a 12 month low of $11.26 and a 12 month high of $22.30. The company has a market cap of $1,904.60, a price-to-earnings ratio of -11.83 and a beta of 0.41.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The company had revenue of $388.80 million for the quarter, compared to analyst estimates of $392.28 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. The firm’s revenue was up 16.5% on a year-over-year basis. sell-side analysts anticipate that Century Aluminum will post 0.33 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Stevens Capital Management LP purchased a new stake in shares of Century Aluminum in the third quarter valued at about $366,000. Alliancebernstein L.P. raised its holdings in shares of Century Aluminum by 41.9% in the second quarter. Alliancebernstein L.P. now owns 97,900 shares of the industrial products company’s stock valued at $1,525,000 after purchasing an additional 28,900 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Century Aluminum in the third quarter valued at about $275,000. Quantbot Technologies LP purchased a new stake in shares of Century Aluminum in the second quarter valued at about $997,000. Finally, Parallax Volatility Advisers L.P. raised its holdings in shares of Century Aluminum by 412.4% in the second quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock valued at $1,701,000 after purchasing an additional 87,857 shares during the last quarter. Institutional investors own 67.98% of the company’s stock.

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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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