Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Century Aluminum (CENX) Share Price
News coverage about Century Aluminum (NASDAQ:CENX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Century Aluminum earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.0820818467665 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Century Aluminum Company (NASDAQ:CENX) Sees Unusual Trading Volume in Its Shares – Modern Readers (modernreaders.com)
- Century Aluminum Company (NASDAQ:CENX) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
- The Next Move In 3D Systems Corporation (DDD), Century Aluminum Company (CENX) – StockNewsMagazine (stocknewsmagazine.com)
- Century Aluminum Co. breached its 50 day moving average in a Bearish Manner : CENX-US : August 4, 2017 (finance.yahoo.com)
- Why Century Aluminum Co. Stock Crashed 20% on Thursday (fool.com)
Century Aluminum (CENX) opened at 13.245 on Monday. The stock’s 50 day moving average price is $16.28 and its 200 day moving average price is $14.43. The stock’s market cap is $1.16 billion. Century Aluminum has a 12-month low of $5.53 and a 12-month high of $19.08.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.28. The company had revenue of $388.80 million for the quarter, compared to analyst estimates of $398.33 million. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. Analysts forecast that Century Aluminum will post $0.63 EPS for the current fiscal year.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Century Aluminum from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub lowered Century Aluminum from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Cowen and Company reduced their price target on Century Aluminum from $11.00 to $8.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $14.00 price target on shares of Century Aluminum in a report on Wednesday, April 26th. Six equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.20.
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In related news, insider Michael A. Bless sold 27,618 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total transaction of $410,955.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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