Century Aluminum Co (CENX) Receives Consensus Rating of “Hold” from Analysts

Century Aluminum Co (NASDAQ:CENX) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.13.

Several brokerages have recently weighed in on CENX. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday. 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 report on Tuesday, October 17th. Zacks Investment Research lowered Century Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BMO Capital Markets set a $16.00 target price on Century Aluminum and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Cowen set a $16.00 target price on Century Aluminum and gave the stock a “hold” rating in a research report on Sunday, October 29th.

Shares of Century Aluminum (NASDAQ CENX) opened at $21.64 on Tuesday. Century Aluminum has a fifty-two week low of $11.26 and a fifty-two week high of $24.76. The firm has a market capitalization of $1,850.46, a P/E ratio of -11.96 and a beta of 0.55. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,628,874 shares of the industrial products company’s stock worth $72,117,000 after buying an additional 104,392 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Century Aluminum by 6.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,433,902 shares of the industrial products company’s stock worth $56,934,000 after buying an additional 210,292 shares during the period. ING Groep NV lifted its position in shares of Century Aluminum by 25.8% during the 4th quarter. ING Groep NV now owns 3,073,401 shares of the industrial products company’s stock worth $60,362,000 after buying an additional 629,762 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of Century Aluminum by 15.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,808,095 shares of the industrial products company’s stock worth $28,170,000 after buying an additional 245,892 shares during the period. Finally, Hood River Capital Management LLC lifted its position in shares of Century Aluminum by 24.0% during the 3rd quarter. Hood River Capital Management LLC now owns 1,237,229 shares of the industrial products company’s stock worth $20,513,000 after buying an additional 239,622 shares during the period. Institutional investors and hedge funds own 67.72% 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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