Century Aluminum (NASDAQ:CENX) Upgraded at Wolfe Research

Century Aluminum (NASDAQ:CENX) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a $27.00 target price on the industrial products company’s stock. Wolfe Research’s price target points to a potential upside of 19.05% from the company’s current price.

CENX has been the subject of several other reports. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. B. Riley lifted their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets upped their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

Century Aluminum Stock Performance

Shares of CENX stock opened at $22.68 on Tuesday. Century Aluminum has a 52 week low of $7.28 and a 52 week high of $24.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The company’s 50 day moving average price is $18.85 and its two-hundred day moving average price is $16.85. The company has a market capitalization of $2.10 billion, a P/E ratio of 7.59 and a beta of 2.50.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The business had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. On average, analysts expect that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

A number of institutional investors and hedge funds have recently bought and sold shares of CENX. Franklin Resources Inc. boosted its position in shares of Century Aluminum by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 2,198 shares in the last quarter. Barclays PLC increased its position in shares of Century Aluminum by 266.5% in the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company’s stock valued at $1,581,000 after purchasing an additional 70,825 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Century Aluminum by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock worth $20,774,000 after acquiring an additional 13,486 shares during the last quarter. Impala Asset Management LLC grew its holdings in Century Aluminum by 6.4% during the third quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock worth $14,672,000 after acquiring an additional 54,000 shares during the period. Finally, Yaupon Capital Management LP raised its position in shares of Century Aluminum by 401.5% during the 3rd quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock worth $5,226,000 after purchasing an additional 257,812 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.