Century Aluminum Company (CENX) PT Set at $17.00 by Cowen and Company
Century Aluminum Company (NASDAQ:CENX) received a $17.00 price objective from analysts at Cowen and Company in a report released on Wednesday. The firm currently has a “hold” rating on the industrial products company’s stock. Cowen and Company’s target price would indicate a potential upside of 6.12% from the stock’s current price.
Several other brokerages also recently weighed in on CENX. BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Monday. Deutsche Bank AG upgraded Century Aluminum from a “sell” rating to a “hold” rating and raised their price target for the company from $10.00 to $15.00 in a report on Friday, June 23rd. BMO Capital Markets restated a “hold” rating and set a $14.00 price target on shares of Century Aluminum in a report on Sunday, July 2nd. Finally, J P Morgan Chase & Co upgraded Century Aluminum from a “neutral” rating to an “overweight” rating and raised their price target for the company from $15.00 to $22.00 in a report on Monday, August 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.40.
Shares of Century Aluminum (CENX) opened at 16.02 on Wednesday. The company’s market cap is $1.40 billion. Century Aluminum has a 52 week low of $6.51 and a 52 week high of $20.68. The firm’s 50-day moving average is $18.32 and its 200-day moving average is $15.56.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The company had revenue of $388.80 million for the quarter, compared to the consensus estimate of $398.33 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Century Aluminum’s revenue was up 19.0% compared to the same quarter last year. Equities research analysts predict that Century Aluminum will post $0.63 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in Century Aluminum in the 2nd quarter worth about $997,000. Parallax Volatility Advisers L.P. increased its holdings in Century Aluminum by 412.4% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock worth $1,701,000 after buying an additional 87,857 shares in the last quarter. First Trust Advisors LP bought a new stake in Century Aluminum in the 2nd quarter worth about $2,825,000. Prudential Financial Inc. increased its holdings in Century Aluminum by 13.6% in the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock worth $1,226,000 after buying an additional 11,538 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Century Aluminum by 18.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 77,580 shares of the industrial products company’s stock worth $1,208,000 after buying an additional 12,258 shares in the last quarter. Institutional investors own 67.17% of the company’s stock.
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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