Century Aluminum (NASDAQ:CENX) Given New $30.00 Price Target at B. Riley

Century Aluminum (NASDAQ:CENXGet Rating) had its price target cut by investment analysts at B. Riley from $32.00 to $30.00 in a report released on Monday, The Fly reports. B. Riley’s price target would suggest a potential upside of 84.05% from the company’s previous close.

Several other equities analysts have also commented on the stock. StockNews.com assumed coverage on shares of Century Aluminum in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet raised Century Aluminum from a “d” rating to a “c” rating in a report on Thursday, February 24th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $21.00.

Shares of CENX traded down $0.57 during mid-day trading on Monday, hitting $16.30. 17,797 shares of the company’s stock were exchanged, compared to its average volume of 1,904,360. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -83.30 and a beta of 2.41. Century Aluminum has a fifty-two week low of $10.39 and a fifty-two week high of $30.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.35 and a current ratio of 1.13. The stock’s 50-day moving average is $24.94 and its 200-day moving average is $18.97.

Century Aluminum (NASDAQ:CENXGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.23. Century Aluminum had a negative net margin of 0.57% and a positive return on equity of 12.12%. During the same quarter in the previous year, the firm earned ($0.54) EPS. As a group, equities research analysts anticipate that Century Aluminum will post 4.07 EPS for the current year.

In related news, CFO Craig C. Conti sold 12,920 shares of the stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $25.69, for a total transaction of $331,914.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michelle Harrison sold 16,284 shares of the stock in a transaction on Monday, February 28th. The stock was sold at an average price of $23.22, for a total value of $378,114.48. The disclosure for this sale can be found here. Insiders sold 44,491 shares of company stock valued at $1,132,562 over the last three months. Corporate insiders own 0.72% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new stake in Century Aluminum in the first quarter valued at $30,000. Dark Forest Capital Management LP purchased a new position in shares of Century Aluminum in the third quarter valued at $30,000. NEXT Financial Group Inc purchased a new position in shares of Century Aluminum in the fourth quarter valued at $42,000. Advisor Partners LLC purchased a new position in shares of Century Aluminum in the first quarter valued at $210,000. Finally, Sciencast Management LP purchased a new position in shares of Century Aluminum in the first quarter valued at $216,000. 56.11% of the stock is owned by institutional investors.

Century Aluminum Company Profile (Get Rating)

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.

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