Century Aluminum Company (NASDAQ:CENX) Given Average Recommendation of “Hold” by Analysts

Shares of Century Aluminum Company (NASDAQ:CENX) have received a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $76.00.

A number of research firms recently issued reports on CENX. B. Riley Financial decreased their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Zacks Research lowered shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Wells Fargo & Company increased their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the company an “outperform” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st.

Institutional Investors Weigh In On Century Aluminum

Several hedge funds have recently added to or reduced their stakes in the business. Glencore plc boosted its holdings in shares of Century Aluminum by 33.6% during the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after acquiring an additional 13,454,538 shares during the period. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 18.7% during the 4th quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock valued at $271,901,000 after acquiring an additional 1,094,257 shares during the period. State Street Corp grew its stake in Century Aluminum by 1.8% during the fourth quarter. State Street Corp now owns 4,295,711 shares of the industrial products company’s stock worth $168,306,000 after buying an additional 77,895 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Century Aluminum by 109.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock worth $107,422,000 after acquiring an additional 957,571 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Century Aluminum by 12.3% in the 4th quarter. Morgan Stanley now owns 1,609,093 shares of the industrial products company’s stock valued at $63,044,000 after purchasing an additional 176,730 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Trading Down 0.5%

NASDAQ:CENX opened at $46.90 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. The business’s 50-day simple moving average is $50.40 and its 200-day simple moving average is $53.92. Century Aluminum has a fifty-two week low of $20.91 and a fifty-two week high of $70.43. The stock has a market capitalization of $4.64 billion, a PE ratio of 14.00 and a beta of 1.96.

About Century Aluminum

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.