Brokerages Set Century Aluminum Company (NASDAQ:CENX) Price Target at $31.50

Shares of Century Aluminum Company (NASDAQ:CENX) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.50.

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. Zacks Research lowered shares of Century Aluminum from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Wells Fargo & Company lifted their price objective on Century Aluminum from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 7th. BMO Capital Markets upped their price objective on Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, B. Riley raised their target price on Century Aluminum from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th.

Century Aluminum Price Performance

Shares of CENX stock opened at $27.81 on Friday. The company has a market capitalization of $2.60 billion, a P/E ratio of 23.97 and a beta of 2.51. The company has a current ratio of 1.75, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Century Aluminum has a 12 month low of $13.05 and a 12 month high of $34.51. The stock has a 50 day moving average of $29.31 and a two-hundred day moving average of $23.28.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.23). Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The firm had revenue of $632.20 million during the quarter, compared to analyst estimates of $629.85 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts expect that Century Aluminum will post 2.76 EPS for the current year.

Insider Activity

In other Century Aluminum news, SVP Agust F. Hafberg sold 9,493 shares of Century Aluminum stock in a transaction on Friday, September 26th. The stock was sold at an average price of $27.91, for a total transaction of $264,949.63. Following the completion of the transaction, the senior vice president directly owned 55,260 shares of the company’s stock, valued at approximately $1,542,306.60. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Century Aluminum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock worth $25,000 after buying an additional 1,266 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Century Aluminum during the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its holdings in Century Aluminum by 253.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,306 shares in the last quarter. Advisory Services Network LLC bought a new position in Century Aluminum in the 3rd quarter valued at $34,000. Finally, CWM LLC boosted its stake in Century Aluminum by 26.3% in the third quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 332 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.