Century Aluminum Company (NASDAQ:CENX) Stock Has Average Target Price of $70.75 According to Brokerages

Shares of Century Aluminum Company (NASDAQ:CENX) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $64.60.

A number of equities analysts have recently commented on the company. Zacks Research lowered Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Weiss Ratings cut Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. B. Riley Financial restated a “buy” rating on shares of Century Aluminum in a research note on Tuesday, August 18th. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. Finally, Barclays assumed coverage on Century Aluminum in a report on Wednesday. They issued an “equal weight” rating and a $40.00 target price on the stock.

Institutional Investors Weigh In On Century Aluminum

Hedge funds have recently modified their holdings of the business. Hollencrest Capital Management bought a new position in Century Aluminum during the first quarter worth $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Century Aluminum in the 2nd quarter worth $37,000. Summit Securities Group LLC acquired a new stake in Century Aluminum in the 1st quarter worth $42,000. Strs Ohio acquired a new stake in Century Aluminum in the 1st quarter worth $47,000. Finally, Meeder Asset Management Inc. acquired a new stake in Century Aluminum in the 2nd quarter worth $63,000. 61.59% of the stock is owned by institutional investors.

Century Aluminum Price Performance

NASDAQ CENX opened at $34.20 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.61 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $42.11 and a 200 day simple moving average of $50.82. The company has a market cap of $3.39 billion, a P/E ratio of 5.91 and a beta of 2.07. Century Aluminum has a 1 year low of $25.40 and a 1 year high of $70.43.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, August 6th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.13. The business had revenue of $752.10 million for the quarter, compared to analyst estimates of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. Century Aluminum’s revenue was up 59.0% compared to the same quarter last year. On average, sell-side analysts predict that Century Aluminum will post 7.75 EPS for the current year.

About Century Aluminum

Century Aluminum Company is a producer of primary aluminum. The company operates aluminum reduction facilities that convert alumina into aluminum metal through the electrolytic smelting process. Its products include standard-grade and value-added primary aluminum, which is supplied to manufacturers and other industrial customers.

Century Aluminum serves markets such as automotive, aerospace, construction, packaging and consumer products. Its operations have included facilities in the United States and Iceland, including smelters in Kentucky, South Carolina and at Grundartangi, Iceland.