BMO Capital Markets upgraded shares of Century Aluminum (NASDAQ:CENX) from a market perform rating to an outperform rating in a research note released on Sunday, Marketbeat reports. The firm currently has $28.00 price objective on the industrial products company’s stock.
CENX has been the topic of a number of other research reports. BidaskClub upgraded Century Aluminum from a hold rating to a buy rating in a research note on Tuesday, February 13th. TheStreet upgraded Century Aluminum from a c rating to a b- rating in a research note on Friday, February 23rd. Zacks Investment Research cut Century Aluminum from a hold rating to a sell rating in a research note on Tuesday, January 9th. Finally, Deutsche Bank cut Century Aluminum from a buy rating to a hold rating and dropped their price target for the company from $20.00 to $14.00 in a research note on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Century Aluminum presently has an average rating of Hold and a consensus price target of $21.10.
Shares of Century Aluminum (NASDAQ:CENX) opened at $21.58 on Friday. Century Aluminum has a 12 month low of $11.26 and a 12 month high of $24.77. The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1,880.00, a price-to-earnings ratio of 42.31 and a beta of 0.71.
A number of hedge funds and other institutional investors have recently modified their holdings of CENX. ING Groep NV grew its holdings in Century Aluminum by 760.7% in the 3rd quarter. ING Groep NV now owns 2,443,639 shares of the industrial products company’s stock valued at $40,516,000 after buying an additional 2,159,729 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in Century Aluminum in the 4th quarter valued at $7,751,000. Hood River Capital Management LLC grew its holdings in Century Aluminum by 24.0% in the 3rd quarter. Hood River Capital Management LLC now owns 1,237,229 shares of the industrial products company’s stock valued at $20,513,000 after buying an additional 239,622 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Century Aluminum by 893.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 180,018 shares of the industrial products company’s stock valued at $2,985,000 after buying an additional 161,900 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Century Aluminum in the 3rd quarter valued at $1,806,000. 65.20% of the stock is currently owned by hedge funds and other institutional investors.
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Century Aluminum Company Profile
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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