Century Aluminum Company (NASDAQ:CENX) Stock Has Average Target Price of $72.00

Century Aluminum Company (NASDAQ:CENX) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $72.00.

CENX has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Century Aluminum from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Zacks Research lowered Century Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Century Aluminum in a research report on Tuesday, August 18th. UBS Group began coverage on Century Aluminum in a report on Monday, August 10th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Weiss Ratings lowered Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st.

Century Aluminum Stock Down 1.8%

Century Aluminum stock opened at $38.12 on Friday. The company has a 50 day moving average of $44.78 and a 200-day moving average of $52.58. The company has a quick ratio of 1.61, a current ratio of 2.75 and a debt-to-equity ratio of 0.31. Century Aluminum has a twelve month low of $25.40 and a twelve month high of $70.43. The stock has a market capitalization of $3.77 billion, a PE ratio of 6.58 and a beta of 1.99.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. The business had revenue of $752.10 million for the quarter, compared to analyst estimates of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 33.83%. The firm’s revenue was up 59.0% on a year-over-year basis. On average, equities research analysts anticipate that Century Aluminum will post 7.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Aluminum

Several hedge funds have recently made changes to their positions in CENX. Cetera Investment Advisers grew its holdings in shares of Century Aluminum by 510.6% in the 1st quarter. Cetera Investment Advisers now owns 43,612 shares of the industrial products company’s stock valued at $2,560,000 after acquiring an additional 36,469 shares in the last quarter. Bank of America Corp DE raised its holdings in Century Aluminum by 98.0% during the first quarter. Bank of America Corp DE now owns 608,794 shares of the industrial products company’s stock worth $35,730,000 after acquiring an additional 301,268 shares in the last quarter. BlackRock Inc. bought a new stake in Century Aluminum during the second quarter worth about $474,129,000. Northwestern Mutual Wealth Management Co. boosted its position in Century Aluminum by 12,662.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 102,101 shares of the industrial products company’s stock valued at $4,110,000 after purchasing an additional 101,301 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Century Aluminum during the second quarter valued at approximately $2,114,000. 61.59% of the stock is owned by institutional investors.

About Century Aluminum

Century Aluminum Company is a producer of primary aluminum. The company operates aluminum smelters that convert alumina into aluminum metal, supplying standard-grade and value-added products used in transportation, construction, packaging, and other industrial applications.

Century Aluminum’s operations are primarily located in the United States and Iceland. Its U.S. portfolio includes facilities in Sebree, Kentucky, and Mount Holly, South Carolina, while its Icelandic operations include the Grundartangi smelter, operated through its Norðurál subsidiary.