Century Aluminum (CENX) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

A number of other research firms also recently issued reports on CENX. ValuEngine raised Century Aluminum from a sell rating to a hold rating in a research report on Thursday, January 10th. Macquarie set a $13.00 price target on Century Aluminum and gave the stock a hold rating in a research report on Friday, October 26th. Zacks Investment Research downgraded Century Aluminum from a buy rating to a hold rating in a research report on Thursday, January 10th. Berenberg Bank raised Century Aluminum from a sell rating to a hold rating and dropped their price target for the stock from $10.00 to $9.00 in a research report on Monday, January 14th. They noted that the move was a valuation call. Finally, BMO Capital Markets dropped their price target on Century Aluminum from $17.00 to $14.00 and set a buy rating on the stock in a research report on Friday, October 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $14.36.

CENX stock opened at $8.47 on Tuesday. Century Aluminum has a twelve month low of $6.54 and a twelve month high of $24.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 2.56. The firm has a market capitalization of $740.49 million, a price-to-earnings ratio of 23.53 and a beta of 1.58.

A number of institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund raised its stake in Century Aluminum by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 32,113 shares of the industrial products company’s stock valued at $235,000 after buying an additional 1,246 shares during the last quarter. Virtu Financial LLC raised its stake in Century Aluminum by 19.9% in the fourth quarter. Virtu Financial LLC now owns 13,223 shares of the industrial products company’s stock valued at $97,000 after buying an additional 2,197 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Century Aluminum by 19.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,087 shares of the industrial products company’s stock valued at $140,000 after buying an additional 3,042 shares during the last quarter. Arizona State Retirement System raised its stake in Century Aluminum by 6.2% in the fourth quarter. Arizona State Retirement System now owns 75,573 shares of the industrial products company’s stock valued at $552,000 after buying an additional 4,410 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Century Aluminum by 44.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,000 shares of the industrial products company’s stock valued at $132,000 after buying an additional 5,500 shares during the last quarter. Institutional investors own 58.16% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary and secondary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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