Century Aluminum (CENX) Stock Rating Upgraded by BidaskClub
Century Aluminum (NASDAQ:CENX) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.
CENX has been the subject of several other research reports. Zacks Investment Research downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. BMO Capital Markets set a $16.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a research report on Friday, October 27th. J P Morgan Chase & Co downgraded shares of Century Aluminum from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $14.50 in a research report on Monday, October 30th. Deutsche Bank raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, October 17th. Finally, Macquarie initiated coverage on shares of Century Aluminum in a research report on Thursday, September 7th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.10.
Shares of Century Aluminum (NASDAQ:CENX) opened at $15.67 on Thursday. Century Aluminum has a 1 year low of $8.39 and a 1 year high of $20.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 2.61.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. Century Aluminum’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.31) EPS. research analysts expect that Century Aluminum will post 0.39 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its holdings in shares of Century Aluminum by 40,531.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 40,631 shares of the industrial products company’s stock valued at $674,000 after buying an additional 40,531 shares during the period. Magnetar Financial LLC boosted its holdings in shares of Century Aluminum by 449.6% in the 3rd quarter. Magnetar Financial LLC now owns 61,504 shares of the industrial products company’s stock valued at $1,020,000 after buying an additional 50,314 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Century Aluminum in the 3rd quarter valued at about $1,806,000. ING Groep NV boosted its holdings in shares of Century Aluminum by 760.7% in the 3rd quarter. ING Groep NV now owns 2,443,639 shares of the industrial products company’s stock valued at $40,516,000 after buying an additional 2,159,729 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Century Aluminum by 281.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 65,252 shares of the industrial products company’s stock valued at $1,082,000 after buying an additional 48,125 shares during the period. 68.01% of the stock is owned by institutional investors and hedge funds.
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About Century Aluminum
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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