Century Aluminum Company (NASDAQ:CENX) Stock Has Consensus Price Target of $70.75 According to Analysts

Century Aluminum Company (NASDAQ:CENX) has earned an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $64.60.

CENX has been the subject of several analyst reports. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Century Aluminum in a report on Monday. B. Riley Financial reaffirmed a “buy” rating on shares of Century Aluminum in a research report on Tuesday, August 18th. UBS Group decreased their price objective on Century Aluminum from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Finally, Wells Fargo & Company decreased their price objective on Century Aluminum from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, September 18th.

Institutional Investors Weigh In On Century Aluminum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its holdings in shares of Century Aluminum by 1.4% in the 1st quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock valued at $768,000 after buying an additional 180 shares in the last quarter. Summit Global Investments grew its position in shares of Century Aluminum by 3.2% in the 1st quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock valued at $462,000 after buying an additional 241 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Century Aluminum by 26.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,419 shares of the industrial products company’s stock valued at $83,000 after buying an additional 297 shares during the last quarter. GAMMA Investing LLC raised its stake in Century Aluminum by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,771 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 398 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in Century Aluminum by 33.7% during the 2nd quarter. CoreCap Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 468 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Down 1.9%

Shares of CENX opened at $34.36 on Tuesday. Century Aluminum has a 52-week low of $25.40 and a 52-week high of $70.43. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $41.43 and a two-hundred day simple moving average of $50.52. The company has a market capitalization of $3.40 billion, a PE ratio of 5.93 and a beta of 2.07.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.13. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm had revenue of $752.10 million during the quarter, compared to analysts’ expectations of $817.15 million. The firm’s revenue was up 59.0% on a year-over-year basis. As a group, equities analysts forecast that Century Aluminum will post 7.75 EPS for the current year.

About Century Aluminum

Century Aluminum Company is a producer of primary aluminum. The company operates aluminum smelters that convert alumina into aluminum metal, supplying standard-grade and value-added products used in transportation, construction, packaging, aerospace, and other industrial applications.

Century Aluminum’s operations are located in the United States and Iceland. Its U.S. facilities include the Sebree smelter in Kentucky and the Mt. Holly smelter in South Carolina, while its Icelandic operations are based at the Grundartangi aluminum smelter.