Century Aluminum (CENX) Getting Somewhat Positive Press Coverage, Analysis Shows

Press coverage about Century Aluminum (NASDAQ:CENX) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Century Aluminum earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 44.874189017616 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Century Aluminum (CENX) opened at $21.74 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 2.61. Century Aluminum has a 52-week low of $10.10 and a 52-week high of $22.30.

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

A number of brokerages have commented on CENX. BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Deutsche Bank downgraded Century Aluminum from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $14.00 in a research report on Wednesday, December 20th. JPMorgan Chase & Co. downgraded Century Aluminum from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $14.50 in a research report on Monday, October 30th. Finally, Cowen set a $16.00 price objective on Century Aluminum and gave the stock a “hold” rating in a research report on Sunday, October 29th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Century Aluminum presently has an average rating of “Hold” and an average price target of $15.90.

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About Century Aluminum

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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