Century Aluminum Co (CENX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Century Aluminum Co (NASDAQ:CENX) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.50.

A number of brokerages recently issued reports on CENX. Zacks Investment Research lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley decreased their target price on shares of Century Aluminum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 26th.

Shares of NASDAQ CENX opened at $7.90 on Friday. Century Aluminum has a 1 year low of $6.54 and a 1 year high of $18.69. The company has a market cap of $689.15 million, a P/E ratio of -56.43 and a beta of 1.52. The company has a current ratio of 2.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative net margin of 5.29% and a negative return on equity of 9.33%. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $482.58 million. During the same quarter last year, the business earned ($0.04) earnings per share. Century Aluminum’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Century Aluminum will post -0.86 earnings per share for the current year.

In other Century Aluminum news, insider Michael A. Bless sold 25,000 shares of the stock in a transaction that occurred 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 SEC, which is available at this link. Company insiders own 0.59% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Century Aluminum by 3.0% during the fourth quarter. BlackRock Inc. now owns 7,270,344 shares of the industrial products company’s stock worth $53,146,000 after purchasing an additional 214,032 shares during the period. Vanguard Group Inc raised its stake in Century Aluminum by 2.0% during the third quarter. Vanguard Group Inc now owns 5,030,941 shares of the industrial products company’s stock worth $60,221,000 after purchasing an additional 97,105 shares during the period. Vanguard Group Inc. raised its stake in Century Aluminum by 2.0% during the third quarter. Vanguard Group Inc. now owns 5,030,941 shares of the industrial products company’s stock worth $60,221,000 after purchasing an additional 97,105 shares during the period. Canada Pension Plan Investment Board raised its stake in Century Aluminum by 2.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,947,602 shares of the industrial products company’s stock worth $28,855,000 after purchasing an additional 84,800 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Century Aluminum by 0.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,380,396 shares of the industrial products company’s stock worth $10,091,000 after purchasing an additional 12,061 shares during the period. 55.51% of the stock is currently owned by institutional investors.

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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