Century Aluminum (CENX) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a research note published on Thursday.

Several other brokerages have also recently issued reports on CENX. Berenberg Bank started coverage on Century Aluminum in a research note on Friday, September 21st. They set a sell rating and a $10.00 price objective on the stock. BidaskClub upgraded Century Aluminum from a strong sell rating to a sell rating in a research note on Saturday, November 3rd. Macquarie set a $13.00 price objective on Century Aluminum and gave the company a hold rating in a research note on Friday, October 26th. Zacks Investment Research cut Century Aluminum from a buy rating to a hold rating in a research note on Thursday. Finally, B. Riley cut their price objective on Century Aluminum from $23.00 to $20.00 and set a buy rating on the stock in a research note on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $14.47.

Shares of NASDAQ CENX opened at $8.57 on Thursday. Century Aluminum has a 52-week low of $6.54 and a 52-week high of $24.77. The company has a market cap of $763.28 million, a price-to-earnings ratio of 23.81 and a beta of 1.29. 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 (NASDAQ:CENX) last announced its quarterly earnings data 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 return on equity of 6.51% and a net margin of 1.80%. The firm had revenue of $481.80 million for the quarter, compared to analysts’ expectations of $469.09 million. As a group, equities research analysts predict that Century Aluminum will post -0.27 EPS for the current fiscal year.

In related news, Director Jarl Berntzen purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average cost of $7.80 per share, for a total transaction of $78,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Century Aluminum by 1,531.9% during the 3rd 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 period. Virtu Financial LLC acquired a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $132,000. United Services Automobile Association acquired a new stake in shares of Century Aluminum during the 2nd quarter worth approximately $159,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Century Aluminum during the 3rd quarter worth approximately $192,000. Finally, SG Americas Securities LLC grew its holdings in Century Aluminum by 30.4% in the 3rd quarter. SG Americas Securities LLC now owns 34,392 shares of the industrial products company’s stock worth $412,000 after buying an additional 8,017 shares in the last quarter. Institutional investors and hedge funds own 57.87% of the company’s stock.

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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