Century Aluminum Co (NASDAQ:CENX) Receives Consensus Rating of “Hold” from Analysts

Shares of Century Aluminum Co (NASDAQ:CENX) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.50.

A number of equities research analysts have recently issued reports on CENX shares. BidaskClub lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. TheStreet lowered shares of Century Aluminum from a “c-” rating to a “d+” rating in a report on Wednesday, May 22nd. Finally, Zacks Investment Research lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th.

Shares of Century Aluminum stock traded down $0.32 during trading hours on Friday, reaching $5.48. 909,501 shares of the company’s stock were exchanged, compared to its average volume of 1,068,620. Century Aluminum has a 1 year low of $5.37 and a 1 year high of $13.47. The company has a market capitalization of $515.58 million, a P/E ratio of -39.14 and a beta of 1.94. The business has a fifty day moving average of $6.82 and a two-hundred day moving average of $7.59. The company has a quick ratio of 0.79, a current ratio of 2.45 and a debt-to-equity ratio of 0.39.

Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, August 1st. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.11. Century Aluminum had a negative net margin of 7.28% and a negative return on equity of 15.98%. The business had revenue of $473.10 million during the quarter, compared to analyst estimates of $475.87 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts predict that Century Aluminum will post -1.19 EPS for the current year.

In other news, Director Andrew G. Michelmore acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of $5.78 per share, with a total value of $28,900.00. Following the completion of the acquisition, the director now owns 40,598 shares of the company’s stock, valued at approximately $234,656.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CENX. SG Americas Securities LLC boosted its stake in Century Aluminum by 26.0% during the first quarter. SG Americas Securities LLC now owns 80,464 shares of the industrial products company’s stock worth $715,000 after buying an additional 16,580 shares during the period. Legal & General Group Plc boosted its stake in Century Aluminum by 2.4% during the fourth quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock worth $846,000 after buying an additional 2,701 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Century Aluminum by 893.0% during the first quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock worth $103,000 after buying an additional 10,430 shares during the period. Geode Capital Management LLC boosted its stake 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 buying an additional 17,070 shares during the period. Finally, Deutsche Bank AG boosted its stake 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 buying an additional 195,200 shares during the period. 53.40% of the stock is owned by hedge funds and other 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.

Recommended Story: What is a Market Correction?

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.