Century Aluminum (CENX) Upgraded to “Hold” at BidaskClub

Century Aluminum (NASDAQ:CENX) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

CENX has been the topic of several other research reports. Zacks Investment Research raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine cut Century Aluminum from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 27th. Morgan Stanley began coverage on Century Aluminum in a research report on Friday, December 21st. They set an “equal weight” rating and a $10.00 target price on the stock. BMO Capital Markets cut their target price on Century Aluminum from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Finally, Berenberg Bank raised Century Aluminum from a “sell” rating to a “hold” rating and cut their price objective for the stock from $10.00 to $9.00 in a research report on Monday, January 14th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.36.

Shares of NASDAQ:CENX opened at $9.29 on Wednesday. The company has a market cap of $808.83 million, a P/E ratio of 25.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 2.56. Century Aluminum has a 12-month low of $6.54 and a 12-month high of $23.07.



Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, February 21st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.53) by $0.10. The company had revenue of $481.80 million for the quarter, compared to analysts’ expectations of $489.02 million. Century Aluminum had a return on equity of 6.51% and a net margin of 1.80%. Century Aluminum’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, research analysts predict that Century Aluminum will post -0.22 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new position in Century Aluminum in the fourth quarter worth $87,000. Virtu Financial LLC boosted its position in Century Aluminum by 19.9% in the fourth quarter. Virtu Financial LLC now owns 13,223 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 2,197 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Century Aluminum by 1,531.9% in the third quarter. Tower Research Capital LLC TRC now owns 9,106 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 8,548 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Century Aluminum by 374.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 13,295 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Century Aluminum by 44.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,000 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 5,500 shares during the last quarter. 57.67% of the stock is currently owned by institutional investors and hedge funds.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary and secondary 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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