Century Aluminum (CENX) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Century Aluminum (NASDAQ: CENX) recently:

  • 1/10/2018 – Century Aluminum was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/9/2018 – Century Aluminum was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Quarterly earnings estimate of Century Aluminum have been going down of late. The company faces a difficult pricing environment and is seeing high costs for certain key raw materials. Century Aluminum also has to pay a high price for power for the Mt. Holly smelter. Moreover, high levels of production from China is still hurting the aluminum industry. The company has a negative record of earnings suprises in the last few quarters. “
  • 1/3/2018 – Century Aluminum was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/2/2018 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Century Aluminum has outperformed the industry it belongs to over a year. Century Aluminum should gain from its actions to reduce operating costs. It should also benefit from strong aluminum demand across automotive and aerospace markets as well as acquisitions. However, Century Aluminum faces a difficult pricing environment and is seeing high costs for certain key raw materials. The company also has to pay a high price for power for the Mt. Holly smelter. Moreover, high levels of production from China is still hurting the aluminum industry.”
  • 12/20/2017 – Century Aluminum was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $14.00 price target on the stock, down previously from $20.00.
  • 12/14/2017 – Century Aluminum was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/6/2017 – Century Aluminum was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/14/2017 – Century Aluminum was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Century Aluminum swung to a profit in third-quarter 2017. Adjusted earnings, however, missed the Zacks Consensus Estimate, while sales topped. High levels of production from China is still hurting the aluminum industry. The company also faces a difficult pricing environment and is seeing high costs for power and certain key raw materials. “

Shares of Century Aluminum Co (CENX) opened at $20.61 on Thursday. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32. Century Aluminum Co has a 12-month low of $8.73 and a 12-month high of $21.78. The company has a market capitalization of $1,800.00, a price-to-earnings ratio of -11.51 and a beta of 0.42.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The business had revenue of $388.80 million for the quarter, compared to analysts’ expectations of $392.28 million. During the same period last year, the business earned ($0.31) earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. research analysts predict that Century Aluminum Co will post 0.35 EPS for the current fiscal year.

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

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