Brokerages Set Century Aluminum Co (CENX) Price Target at $12.50

Century Aluminum Co (NASDAQ:CENX) has received an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.50.

A number of analysts have commented on the company. Morgan Stanley reduced their price objective on Century Aluminum from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 26th. BidaskClub upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, April 16th. TheStreet downgraded Century Aluminum from a “c-” rating to a “d+” rating in a research report on Wednesday, May 22nd. Finally, ValuEngine upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th.

Shares of CENX stock traded down $0.08 during mid-day trading on Tuesday, reaching $5.49. The stock had a trading volume of 12,369 shares, compared to its average volume of 1,315,771. 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 has a one year low of $5.39 and a one year high of $17.81. The company has a market capitalization of $494.67 million, a P/E ratio of -39.07 and a beta of 1.77.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.70) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $482.58 million. During the same quarter last year, the company earned ($0.04) EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that Century Aluminum will post -0.89 earnings per share for the current fiscal year.

In related news, insider Michael A. Bless sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.59% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Elm Ridge Management LLC lifted its position in shares of Century Aluminum by 38.7% during the 1st quarter. Elm Ridge Management LLC now owns 189,428 shares of the industrial products company’s stock worth $1,682,000 after buying an additional 52,818 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Century Aluminum by 1,473.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,485 shares of the industrial products company’s stock worth $40,000 after buying an additional 4,200 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Century Aluminum during the 1st quarter worth approximately $3,781,000. SEI Investments Co lifted its position in shares of Century Aluminum by 583.2% during the 1st quarter. SEI Investments Co now owns 10,398 shares of the industrial products company’s stock worth $91,000 after buying an additional 8,876 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Century Aluminum by 19.9% during the 1st quarter. Hsbc Holdings PLC now owns 14,267 shares of the industrial products company’s stock worth $126,000 after buying an additional 2,372 shares during the period. Institutional investors and hedge funds own 53.44% of the company’s stock.

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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