Century Aluminum Co (NASDAQ:CENX) Given Consensus Rating of “Hold” by Brokerages

Century Aluminum Co (NASDAQ:CENX) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $12.50.

A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. TheStreet lowered shares of Century Aluminum from a “c-” rating to a “d+” rating in a research note on Wednesday, May 22nd. Zacks Investment Research lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th.

In related news, Director Andrew G. Michelmore bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average price of $5.78 per share, for a total transaction of $28,900.00. Following the transaction, the director now directly owns 40,598 shares of the company’s stock, valued at $234,656.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new position in Century Aluminum during the fourth quarter worth $87,000. BNP Paribas Arbitrage SA raised its holdings in Century Aluminum by 893.0% during the first quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock worth $103,000 after buying an additional 10,430 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Century Aluminum by 374.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock worth $123,000 after buying an additional 13,295 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Century Aluminum by 44.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,000 shares of the industrial products company’s stock worth $132,000 after buying an additional 5,500 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in Century Aluminum during the fourth quarter worth $136,000. Institutional investors own 53.37% of the company’s stock.

NASDAQ:CENX opened at $6.91 on Friday. The company has a fifty day moving average price of $6.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11. Century Aluminum has a 52 week low of $5.37 and a 52 week high of $16.14. The company has a market cap of $613.67 million, a price-to-earnings ratio of -49.36 and a beta of 1.77.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.70) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative net margin of 5.29% and a negative return on equity of 9.33%. The company had revenue of $490.00 million for the quarter, compared to analyst estimates of $482.58 million. During the same period in the prior year, the firm posted ($0.04) EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Century Aluminum will post -0.89 EPS for the current year.

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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