Shares of Century Aluminum Company (NASDAQ:CENX – Get Free Report) have received an average recommendation of “Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $80.00.
A number of equities research analysts have weighed in on the company. B. Riley Financial lifted their price objective on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Wall Street Zen raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Wells Fargo & Company lifted 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. Weiss Ratings upgraded shares of Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th.
View Our Latest Research Report on CENX
Insider Activity at Century Aluminum
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $42,000. Private Trust Co. NA acquired a new position in shares of Century Aluminum during the 4th quarter worth approximately $28,000. Strs Ohio acquired a new position in shares of Century Aluminum during the 1st quarter worth approximately $47,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Century Aluminum during the 4th quarter worth approximately $40,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.
Century Aluminum Stock Performance
NASDAQ CENX opened at $65.05 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37. Century Aluminum has a 52-week low of $15.13 and a 52-week high of $68.69. The business’s 50-day moving average price is $59.42 and its 200 day moving average price is $47.49. The firm has a market cap of $6.44 billion, a P/E ratio of 19.42 and a beta of 1.91.
Century Aluminum (NASDAQ:CENX – Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $1.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.25. Century Aluminum had a return on equity of 13.59% and a net margin of 13.75%.The company had revenue of $633.70 million for the quarter, compared to analyst estimates of $661.63 million. During the same quarter in the previous year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts expect that Century Aluminum will post 10.3 earnings per share for the current year.
About Century Aluminum
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.
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