Century Aluminum Company (NASDAQ:CENX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Century Aluminum Company (NASDAQ:CENX) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $72.00.

A number of research analysts have commented on CENX shares. UBS Group began coverage on Century Aluminum in a research note on Monday, August 10th. They issued a “buy” rating and a $60.00 target price on the stock. Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. B. Riley Financial reissued a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Wells Fargo & Company raised their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Lido Advisors LLC increased its position in shares of Century Aluminum by 1.4% during the first quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock valued at $768,000 after purchasing an additional 180 shares during the period. Summit Global Investments boosted its stake in Century Aluminum by 3.2% during the first quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock worth $462,000 after buying an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Century Aluminum by 26.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,419 shares of the industrial products company’s stock worth $83,000 after buying an additional 297 shares in the last quarter. ProShare Advisors LLC increased its holdings in Century Aluminum by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock valued at $402,000 after buying an additional 308 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Century Aluminum by 48.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock valued at $47,000 after buying an additional 386 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Century Aluminum stock opened at $43.92 on Monday. The company’s fifty day simple moving average is $46.41 and its 200-day simple moving average is $53.88. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31. Century Aluminum has a 12 month low of $20.91 and a 12 month high of $70.43. The stock has a market cap of $4.35 billion, a P/E ratio of 7.59 and a beta of 1.96.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. The business had revenue of $752.10 million for the quarter, compared to the consensus estimate of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm’s revenue for the quarter was up 59.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Century Aluminum will post 8.34 EPS for the current fiscal year.

About Century Aluminum

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.