Century Aluminum (CENX) Price Target Cut to $14.00 by Analysts at BMO Capital Markets

Century Aluminum (NASDAQ:CENX) had its price objective reduced by BMO Capital Markets from $17.00 to $14.00 in a research report sent to investors on Friday morning. BMO Capital Markets currently has a buy rating on the industrial products company’s stock.

Other analysts have also issued research reports about the stock. B. Riley dropped their target price on shares of Century Aluminum from $27.00 to $25.00 and set a buy rating on the stock in a research report on Thursday, August 2nd. Deutsche Bank upgraded shares of Century Aluminum from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Century Aluminum from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Monday, October 1st. Macquarie set a $13.00 price target on shares of Century Aluminum and gave the stock a hold rating in a research report on Friday. Finally, BidaskClub lowered shares of Century Aluminum from a hold rating to a sell rating in a research report on Saturday, July 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Century Aluminum presently has a consensus rating of Hold and an average price target of $15.63.

Shares of NASDAQ CENX traded down $1.76 during trading on Friday, hitting $7.72. The company had a trading volume of 7,779,505 shares, compared to its average volume of 2,833,639. Century Aluminum has a fifty-two week low of $7.65 and a fifty-two week high of $24.77. The firm has a market cap of $830.46 million, a price-to-earnings ratio of 16.93 and a beta of 0.71. The company has a quick ratio of 1.16, a current ratio of 2.89 and a debt-to-equity ratio of 0.29.



Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%. The business had revenue of $481.80 million for the quarter, compared to analyst estimates of $469.09 million. Equities research analysts anticipate that Century Aluminum will post -0.04 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CENX. United Services Automobile Association acquired a new position in Century Aluminum during the second quarter worth about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Century Aluminum during the second quarter worth about $166,000. Engineers Gate Manager LP acquired a new position in Century Aluminum during the second quarter worth about $197,000. CIBC World Markets Inc. acquired a new position in Century Aluminum during the first quarter worth about $200,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Century Aluminum by 497.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 10,450 shares during the last quarter. Hedge funds and other institutional investors own 56.01% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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