Investment Analysts’ Weekly Ratings Changes for Century Aluminum (CENX)

Century Aluminum (NASDAQ: CENX) recently received a number of ratings updates from brokerages and research firms:

  • 4/16/2019 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Century Aluminum is likely to gain from initiatives to reduce operating costs. These initiatives are expected to support the bottom line starting second-quarter 2019. The company is expected to benefit from strong aluminum demand across automotive and aerospace markets as well as acquisitions. Also, it is seeing strong downstream demand in most regions and sectors, particularly in the United States.”
  • 4/12/2019 – Century Aluminum was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Century Aluminum is likely to gain from initiatives to reduce operating costs. These initiatives are expected to support the bottom line starting second-quarter 2019. The company is expected to benefit from strong aluminum demand across automotive and aerospace markets as well as acquisitions. Also, it is seeing strong downstream demand in most regions and sectors, particularly in the United States. However, Century Aluminum is exposed to certain operational challenges. Higher power prices, lower realized selling prices and higher alumina costs are likely to hurt margins. Century Aluminum has also underperformed the industry it belongs to in the past year.”
  • 4/10/2019 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Century Aluminum is likely to gain from initiatives to reduce operating costs. These initiatives are expected to support the bottom line starting second-quarter 2019. The company is expected to benefit from strong aluminum demand across automotive and aerospace markets as well as acquisitions. Also, it is seeing strong downstream demand in most regions and sectors, particularly in the United States.”
  • 4/9/2019 – Century Aluminum was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/4/2019 – Century Aluminum was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/27/2019 – Century Aluminum was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/26/2019 – Century Aluminum had its price target lowered by analysts at Morgan Stanley from $10.00 to $9.00. They now have an “equal weight” rating on the stock.
  • 3/25/2019 – Century Aluminum was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Century Aluminum should gain from initiatives to reduce operating costs. These initiatives are expected to support its bottom line starting in second-quarter 2019. The company is also expected to benefit from strong aluminum demand across automotive and aerospace markets as well as acquisitions. It is seeing strong downstream demand in most regions and sectors, particularly in the United States. However, Century Aluminum is exposed to certain operational challenges. Higher power prices, lower realized selling prices and higher alumina costs are likely to hurt margins. Also, the company has underperformed the industry it belongs to in the past year.”
  • 3/21/2019 – Century Aluminum was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/19/2019 – Century Aluminum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Century Aluminum should gain from initiatives to reduce operating costs. These initiatives are expected to support its bottom line starting in second-quarter 2019. The company is also expected to benefit from strong aluminum demand across automotive and aerospace markets as well as acquisitions. It is seeing strong downstream demand in most regions and sectors, particularly in the United States.”
  • 3/7/2019 – Century Aluminum was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/27/2019 – Century Aluminum was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/22/2019 – Century Aluminum was given a new $15.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 2/20/2019 – Century Aluminum was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Century Aluminum stock opened at $9.75 on Wednesday. Century Aluminum Co has a fifty-two week low of $6.54 and a fifty-two week high of $19.38. The company has a market cap of $812.31 million, a P/E ratio of -69.64 and a beta of 1.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 2.26.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Thursday, February 21st. The industrial products company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. Century Aluminum had a negative net margin of 3.58% and a negative return on equity of 1.34%. The business had revenue of $481.80 million for the quarter, compared to analyst estimates of $489.02 million. During the same quarter last year, the firm earned $0.26 EPS. Century Aluminum’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts expect that Century Aluminum Co will post -0.75 EPS for the current fiscal year.

In related news, insider Michael A. Bless sold 25,000 shares of Century Aluminum stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $8.96, for a total transaction of $224,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.59% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG lifted its position in Century Aluminum by 66.0% during the fourth quarter. Deutsche Bank AG now owns 491,026 shares of the industrial products company’s stock worth $3,587,000 after purchasing an additional 195,200 shares during the period. Geode Capital Management LLC lifted its position in Century Aluminum by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 562,761 shares of the industrial products company’s stock worth $4,112,000 after purchasing an additional 17,070 shares during the period. Norges Bank bought a new stake in Century Aluminum during the fourth quarter worth about $553,000. Millennium Management LLC bought a new stake in Century Aluminum during the fourth quarter worth about $4,668,000. Finally, Macquarie Group Ltd. lifted its position in Century Aluminum by 1,084.9% during the fourth quarter. Macquarie Group Ltd. now owns 18,959 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 17,359 shares during the period. 55.93% of the stock is currently owned by institutional investors and hedge funds.

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

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