Century Aluminum (NASDAQ:CENX) Upgraded by BidaskClub to Buy

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Century Aluminum (NASDAQ:CENX) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, July 18th, BidAskClub reports.

Several other analysts have also recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Century Aluminum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 26th. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. ValuEngine raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, TheStreet downgraded Century Aluminum from a “c-” rating to a “d+” rating in a research note on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.14.

Shares of CENX traded down $0.42 during mid-day trading on Thursday, hitting $6.69. 692,950 shares of the company’s stock were exchanged, compared to its average volume of 1,185,798. The company has a market capitalization of $594.14 million, a P/E ratio of -47.79 and a beta of 1.94. Century Aluminum has a fifty-two week low of $5.37 and a fifty-two week high of $13.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 2.45. The company has a 50-day moving average of $7.01.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.11. The business had revenue of $473.10 million for the quarter, compared to analysts’ expectations of $475.87 million. Century Aluminum had a negative net margin of 7.28% and a negative return on equity of 15.98%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. As a group, research analysts predict that Century Aluminum will post -1.01 EPS for the current fiscal year.

In other Century Aluminum news, Director Andrew G. Michelmore bought 5,000 shares of the stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $5.78 per share, with a total value of $28,900.00. Following the acquisition, the director now directly owns 40,598 shares of the company’s stock, valued at approximately $234,656.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.03% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its position in Century Aluminum by 26.0% in the 1st quarter. SG Americas Securities LLC now owns 80,464 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 16,580 shares during the last quarter. Legal & General Group Plc raised its position in Century Aluminum by 2.4% in the 4th quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock valued at $846,000 after purchasing an additional 2,701 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Century Aluminum by 893.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 10,430 shares during the last quarter. Geode Capital Management LLC raised its position in Century Aluminum by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 562,761 shares of the industrial products company’s stock valued at $4,112,000 after purchasing an additional 17,070 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Century Aluminum by 66.0% in the 4th quarter. Deutsche Bank AG now owns 491,026 shares of the industrial products company’s stock valued at $3,587,000 after purchasing an additional 195,200 shares during the last quarter. Institutional investors own 53.27% of the company’s stock.

About Century Aluminum

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

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Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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