Century Aluminum Company (NASDAQ:CENX) Receives $72.00 Average PT from Brokerages

Shares of Century Aluminum Company (NASDAQ:CENXGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $72.00.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, B. Riley Financial reissued a “buy” rating on shares of Century Aluminum in a research report on Tuesday, August 18th.

View Our Latest Stock Analysis on CENX

Hedge Funds Weigh In On Century Aluminum

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Century Aluminum in the second quarter worth $474,129,000. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 18.7% during the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after buying an additional 1,094,257 shares during the last quarter. State Street Corp grew its stake in shares of Century Aluminum by 1.8% during the 4th quarter. State Street Corp now owns 4,295,711 shares of the industrial products company’s stock worth $168,306,000 after acquiring an additional 77,895 shares during the period. California State Teachers Retirement System grew its stake in shares of Century Aluminum by 5,428.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,534,810 shares of the industrial products company’s stock worth $162,637,000 after acquiring an additional 3,470,866 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Century Aluminum by 109.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after acquiring an additional 957,571 shares during the last quarter. 61.59% of the stock is owned by institutional investors.

Century Aluminum Price Performance

CENX stock opened at $46.59 on Monday. The stock’s fifty day simple moving average is $45.58 and its two-hundred day simple moving average is $53.69. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31. Century Aluminum has a 1-year low of $20.91 and a 1-year high of $70.43. The stock has a market cap of $4.61 billion, a P/E ratio of 8.05 and a beta of 1.96.

Century Aluminum (NASDAQ:CENXGet Free Report) last announced its earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.13. The firm had revenue of $752.10 million during the quarter, compared to analyst estimates of $817.15 million. Century Aluminum had a return on equity of 33.83% and a net margin of 22.63%.The firm’s quarterly revenue was up 59.0% on a year-over-year basis. Analysts expect that Century Aluminum will post 7.75 EPS for the current year.

About Century Aluminum

(Get Free Report)

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.

Further Reading

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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