Century Aluminum (CENX) Upgraded at BMO Capital Markets

Century Aluminum (NASDAQ:CENX) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Sunday, March 11th, Marketbeat reports. The firm currently has a $28.00 target price on the industrial products company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 64.51% from the stock’s previous close.

CENX has been the topic of several other reports. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. TheStreet raised Century Aluminum from a “c” rating to a “b-” rating in a report on Friday, February 23rd. Zacks Investment Research downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Deutsche Bank downgraded Century Aluminum from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $14.00 in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.10.

CENX traded up $0.18 during trading on Friday, hitting $17.02. The company’s stock had a trading volume of 2,046,620 shares, compared to its average volume of 2,527,293. The company has a current ratio of 2.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Century Aluminum has a twelve month low of $11.59 and a twelve month high of $24.77. The firm has a market cap of $1,461.42, a P/E ratio of 47.28 and a beta of 0.87.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Century Aluminum had a return on equity of 4.52% and a net margin of 3.02%. The company had revenue of $433.80 million for the quarter, compared to analyst estimates of $427.73 million. During the same period last year, the company earned ($0.12) earnings per share. Century Aluminum’s quarterly revenue was up 27.7% compared to the same quarter last year. equities research analysts forecast that Century Aluminum will post 1.46 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC lifted its position in shares of Century Aluminum by 752.8% in the third quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 9,086 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Century Aluminum in the fourth quarter valued at approximately $272,000. Macquarie Group Ltd. purchased a new position in shares of Century Aluminum in the third quarter valued at approximately $275,000. Teacher Retirement System of Texas purchased a new position in shares of Century Aluminum in the fourth quarter valued at approximately $350,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in Century Aluminum by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 18,660 shares of the industrial products company’s stock worth $309,000 after buying an additional 6,930 shares in the last quarter. Institutional investors and hedge funds own 65.18% of the company’s stock.

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Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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