Century Aluminum (NASDAQ:CENX) Price Target Increased to $9.00 by Analysts at BMO Capital Markets

Century Aluminum (NASDAQ:CENX) had its price objective hoisted by investment analysts at BMO Capital Markets from $7.00 to $9.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 8.04% from the company’s previous close.

Separately, BidaskClub raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.40.

Shares of Century Aluminum stock opened at $8.33 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 0.79. The stock has a market capitalization of $626.70 million, a price-to-earnings ratio of -59.50 and a beta of 1.89. The business has a 50-day moving average of $6.51 and a 200 day moving average of $6.68. Century Aluminum has a 12 month low of $5.02 and a 12 month high of $9.98.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.09). The company had revenue of $438.00 million during the quarter, compared to analyst estimates of $459.07 million. Century Aluminum had a negative net margin of 7.47% and a negative return on equity of 21.94%. Century Aluminum’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 EPS. Equities research analysts anticipate that Century Aluminum will post -1.27 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of CENX. Vanguard Group Inc. raised its position in shares of Century Aluminum by 12.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,855,701 shares of the industrial products company’s stock worth $40,463,000 after acquiring an additional 642,337 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Century Aluminum during the 2nd quarter worth about $2,655,000. Invesco Ltd. raised its position in shares of Century Aluminum by 53.0% during the 2nd quarter. Invesco Ltd. now owns 686,074 shares of the industrial products company’s stock worth $4,741,000 after acquiring an additional 237,690 shares in the last quarter. BlackRock Inc. raised its position in shares of Century Aluminum by 2.7% during the 2nd quarter. BlackRock Inc. now owns 7,416,881 shares of the industrial products company’s stock worth $51,250,000 after acquiring an additional 195,810 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Century Aluminum by 492.2% during the 2nd quarter. Morgan Stanley now owns 234,319 shares of the industrial products company’s stock worth $1,619,000 after acquiring an additional 194,749 shares in the last quarter. 53.92% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

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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