Century Aluminum (NASDAQ:CENX) Stock Rating Upgraded by BidaskClub

Century Aluminum (NASDAQ:CENX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

CENX has been the topic of several other research reports. Zacks Investment Research cut German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Morgan Stanley set a $196.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, TheStreet cut Wayside Technology Group from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.14.

Shares of NASDAQ:CENX opened at $7.39 on Thursday. Century Aluminum has a 52-week low of $5.37 and a 52-week high of $13.80. The company has a market capitalization of $642.98 million, a PE ratio of -52.79 and a beta of 1.86. The business has a 50 day moving average price of $6.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. The company had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $482.58 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Century Aluminum’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Century Aluminum will post -1.18 EPS for the current fiscal year.

In related news, Director Andrew G. Michelmore bought 5,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $5.78 per share, with a total value of $28,900.00. Following the transaction, the director now owns 40,598 shares of the company’s stock, valued at $234,656.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.03% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CENX. Hsbc Holdings PLC purchased a new stake in shares of Century Aluminum during the 4th quarter valued at $87,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Century Aluminum by 893.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 10,430 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Century Aluminum by 374.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 13,295 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Century Aluminum by 1,084.9% during the 4th quarter. Macquarie Group Ltd. now owns 18,959 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 17,359 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Century Aluminum by 19.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,087 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 3,042 shares during the last quarter. 53.39% of the stock is currently owned by institutional investors and hedge funds.

Century Aluminum Company Profile

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