Century Aluminum Co (NASDAQ:CENX) Receives Average Recommendation of “Hold” from Brokerages

Century Aluminum Co (NASDAQ:CENX) has received an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.50.

Several research analysts have weighed in on the stock. TheStreet lowered shares of Century Aluminum from a “c-” rating to a “d+” rating in a report on Wednesday, May 22nd. ValuEngine raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. BidaskClub lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th.

CENX stock traded down $0.18 during mid-day trading on Wednesday, hitting $7.19. 987,448 shares of the company were exchanged, compared to its average volume of 1,417,517. The firm has a market cap of $649.20 million, a P/E ratio of -51.36 and a beta of 1.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 0.68. Century Aluminum has a twelve month low of $5.37 and a twelve month high of $13.80. The stock’s fifty day moving average is $6.90.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.71) by $0.01. The company had revenue of $490.00 million during the quarter, compared to analyst estimates of $482.58 million. Century Aluminum had a negative net margin of 5.29% and a negative return on equity of 9.33%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. On average, equities research analysts expect that Century Aluminum will post -1.36 EPS for the current year.

In other Century Aluminum news, Director Andrew G. Michelmore purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $5.78 per share, with a total value of $28,900.00. Following the acquisition, the director now owns 40,598 shares of the company’s stock, valued at approximately $234,656.44. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.03% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Century Aluminum by 893.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock valued at $103,000 after buying an additional 10,430 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Century Aluminum in the 4th quarter valued at about $87,000. Metropolitan Life Insurance Co. NY lifted its position in Century Aluminum by 374.3% in 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 position in Century Aluminum by 1,084.9% in 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, Municipal Employees Retirement System of Michigan bought a new stake in Century Aluminum in the 4th quarter valued at about $167,000. 53.37% of the stock is owned by institutional investors and hedge funds.

About Century Aluminum

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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