Brokerages Set Century Aluminum Company (NASDAQ:CENX) Target Price at $36.00

Century Aluminum Company (NASDAQ:CENX) has been assigned an average recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $41.00.

CENX has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Century Aluminum from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Century Aluminum in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price objective on Century Aluminum from $46.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday.

Century Aluminum Trading Down 1.4%

Shares of Century Aluminum stock opened at $46.34 on Friday. Century Aluminum has a fifty-two week low of $13.05 and a fifty-two week high of $48.06. The business’s fifty day moving average is $33.93 and its two-hundred day moving average is $27.96. The company has a quick ratio of 0.79, a current ratio of 1.71 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4.33 billion, a PE ratio of 54.52 and a beta of 2.26.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.23). Century Aluminum had a net margin of 3.47% and a return on equity of 12.83%. The business had revenue of $632.20 million during the quarter, compared to analyst estimates of $629.85 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that Century Aluminum will post 2.76 earnings per share for the current year.

Hedge Funds Weigh In On Century Aluminum

Large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of Century Aluminum in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp acquired a new stake in Century Aluminum in the first quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its stake in Century Aluminum by 1,291.8% during the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company’s stock valued at $25,000 after buying an additional 1,266 shares in the last quarter. CWM LLC boosted its position in shares of Century Aluminum by 26.3% during the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 332 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Century Aluminum by 253.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company’s stock worth $33,000 after buying an additional 1,306 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.