Century Aluminum Co. (NASDAQ:CENX) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company. Three investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.17.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Monday, July 4th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Century Aluminum in a research note on Friday, July 29th.
Century Aluminum (NASDAQ:CENX) opened at 7.25 on Friday. The stock has a 50 day moving average price of $6.54 and a 200-day moving average price of $6.94. The company’s market capitalization is $631.29 million. Century Aluminum has a 52 week low of $2.63 and a 52 week high of $9.40.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. Century Aluminum had a negative net margin of 8.41% and a negative return on equity of 11.96%. The company earned $326.75 million during the quarter, compared to analyst estimates of $338.22 million. During the same quarter last year, the business posted $0.25 EPS. Century Aluminum’s quarterly revenue was down 37.6% compared to the same quarter last year. On average, equities analysts predict that Century Aluminum will post ($0.32) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Springbok Capital Management LLC purchased a new position in Century Aluminum during the first quarter worth approximately $106,000. Profund Advisors LLC raised its position in Century Aluminum by 5.9% in the second quarter. Profund Advisors LLC now owns 16,396 shares of the company’s stock worth $104,000 after buying an additional 920 shares during the period. TFS Capital LLC purchased a new position in Century Aluminum during the second quarter worth approximately $130,000. Zacks Investment Management purchased a new position in Century Aluminum during the second quarter worth approximately $132,000. Finally, BlackRock Advisors LLC raised its position in Century Aluminum by 4.4% in the second quarter. BlackRock Advisors LLC now owns 23,517 shares of the company’s stock worth $149,000 after buying an additional 994 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.
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