Century Aluminum (CENX) Stock Rating Upgraded by BidaskClub

Century Aluminum (NASDAQ:CENX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities analysts have also issued reports on CENX. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, October 9th. Cowen set a $17.00 target price on Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, October 17th. BMO Capital Markets set a $16.00 target price on Century Aluminum and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. lowered Century Aluminum from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $14.50 in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.90.

Century Aluminum (NASDAQ:CENX) traded up $0.72 on Friday, reaching $22.14. The company had a trading volume of 1,217,486 shares, compared to its average volume of 1,770,082. Century Aluminum has a 1 year low of $11.26 and a 1 year high of $22.37. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1,870.54, a price-to-earnings ratio of -12.23 and a beta of 0.41.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $388.80 million for the quarter, compared to analyst estimates of $392.28 million. During the same period in the previous year, the company posted ($0.31) EPS. Century Aluminum’s revenue was up 16.5% on a year-over-year basis. research analysts anticipate that Century Aluminum will post 0.33 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of CENX. Balyasny Asset Management LLC raised its position in Century Aluminum by 742.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock valued at $47,173,000 after purchasing an additional 2,668,550 shares in the last quarter. ING Groep NV increased its holdings in shares of Century Aluminum by 760.7% in the 3rd quarter. ING Groep NV now owns 2,443,639 shares of the industrial products company’s stock valued at $40,516,000 after acquiring an additional 2,159,729 shares during the last quarter. Amerigo Asset Management purchased a new position in shares of Century Aluminum in the 3rd quarter valued at about $13,496,000. Teachers Advisors LLC increased its holdings in shares of Century Aluminum by 448.1% in the 2nd quarter. Teachers Advisors LLC now owns 667,670 shares of the industrial products company’s stock valued at $10,402,000 after acquiring an additional 545,844 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Century Aluminum by 15.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,808,095 shares of the industrial products company’s stock valued at $28,170,000 after acquiring an additional 245,892 shares during the last quarter. 67.98% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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