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

BidaskClub upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a report published on Thursday, March 21st, BidAskClub reports.

Several other research analysts have also weighed in on CENX. Zacks Investment Research upgraded shares of Century Aluminum from a sell rating to a hold rating in a research note on Wednesday, December 12th. Morgan Stanley started coverage on shares of Century Aluminum in a research note on Friday, December 21st. They issued an equal weight rating and a $10.00 price objective on the stock. ValuEngine downgraded shares of Century Aluminum from a hold rating to a sell rating in a research report on Wednesday, January 2nd. Berenberg Bank raised shares of Century Aluminum from a sell rating to a hold rating and decreased their target price 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. Finally, B. Riley set a $15.00 target price on shares of Century Aluminum and gave the stock a buy rating in a research report on Friday, February 22nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $13.89.

Shares of CENX stock traded down $0.15 during trading hours on Thursday, reaching $9.22. 832,000 shares of the stock traded hands, compared to its average volume of 1,416,869. Century Aluminum has a 1-year low of $6.54 and a 1-year high of $19.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.26 and a quick ratio of 0.73. The firm has a market capitalization of $816.25 million, a P/E ratio of -65.86 and a beta of 1.57.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, February 21st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.10. The business had revenue of $481.80 million for the quarter, compared to analyst estimates of $489.02 million. Century Aluminum had a negative net margin of 3.58% and a negative return on equity of 1.34%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. Sell-side analysts predict that Century Aluminum will post -0.75 EPS for the current fiscal year.

In related news, insider Michael A. Bless sold 25,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $8.96, for a total transaction of $224,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in shares of Century Aluminum by 66.0% during the 4th quarter. Deutsche Bank AG now owns 491,026 shares of the industrial products company’s stock worth $3,587,000 after buying an additional 195,200 shares during the period. Geode Capital Management LLC boosted its holdings in Century Aluminum by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 562,761 shares of the industrial products company’s stock valued at $4,112,000 after purchasing an additional 17,070 shares during the period. Norges Bank bought a new stake in Century Aluminum in the 4th quarter valued at $553,000. Millennium Management LLC bought a new stake in Century Aluminum in the 4th quarter valued at $4,668,000. Finally, Macquarie Group Ltd. boosted its holdings 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 period. 55.93% of the stock is 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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