Century Aluminum (NASDAQ:CENX) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Sunday, The Fly reports.
A number of other research analysts have also recently weighed in on the stock. TheStreet upgraded shares of Century Aluminum from a “c” rating to a “b-” rating in a research note on Friday, February 23rd. BidaskClub cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, Deutsche Bank lowered shares of Century Aluminum from a “buy” rating to a “hold” rating and decreased their price target for the stock from $20.00 to $14.00 in a report on Wednesday, December 20th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Century Aluminum presently has an average rating of “Hold” and an average price target of $16.70.
Century Aluminum (NASDAQ:CENX) traded up $0.49 on Friday, reaching $20.15. 3,610,000 shares of the company’s stock were exchanged, compared to its average volume of 2,746,032. The company has a current ratio of 2.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1,764.39, a PE ratio of 41.12 and a beta of 0.71. Century Aluminum has a 52-week low of $11.26 and a 52-week high of $24.77.
Large investors have recently bought and sold shares of the company. Voya Investment Management LLC lifted its position in Century Aluminum by 21.0% during the 2nd quarter. Voya Investment Management LLC now owns 22,963 shares of the industrial products company’s stock valued at $358,000 after acquiring an additional 3,979 shares during the period. The Manufacturers Life Insurance Company increased its stake in Century Aluminum by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,906 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 406 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Century Aluminum in the third quarter worth about $407,000. Dupont Capital Management Corp purchased a new stake in Century Aluminum in the third quarter worth about $695,000. Finally, Stevens Capital Management LP purchased a new stake in Century Aluminum in the third quarter worth about $366,000. 65.38% of the stock is owned by hedge funds and other institutional investors.
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About Century Aluminum
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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