Century Aluminum Company (NASDAQ:CENX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Century Aluminum Company (NASDAQ:CENX) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $76.00.

Several brokerages have recently issued reports on CENX. Weiss Ratings downgraded shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company boosted their price objective on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Finally, BMO Capital Markets set a $75.00 price target on Century Aluminum and gave the company an “outperform” rating in a research note on Thursday, April 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its position in Century Aluminum by 22.1% in the 1st quarter. AQR Capital Management LLC now owns 39,001 shares of the industrial products company’s stock valued at $724,000 after buying an additional 7,051 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Century Aluminum during the 1st quarter worth approximately $25,000. Empowered Funds LLC boosted its position in Century Aluminum by 1.8% during the 1st quarter. Empowered Funds LLC now owns 59,186 shares of the industrial products company’s stock worth $1,098,000 after acquiring an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Century Aluminum by 21.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 124,001 shares of the industrial products company’s stock worth $2,301,000 after acquiring an additional 21,702 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Century Aluminum by 7.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 147,046 shares of the industrial products company’s stock worth $2,650,000 after acquiring an additional 9,721 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Stock Performance

Shares of CENX stock opened at $42.66 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. Century Aluminum has a 52 week low of $20.21 and a 52 week high of $70.43. The company’s 50 day moving average price is $52.28 and its two-hundred day moving average price is $53.96. The company has a market capitalization of $4.22 billion, a P/E ratio of 12.73 and a beta of 1.96.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.