BidaskClub Upgrades Century Aluminum (CENX) to “Hold”
BidaskClub upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a research report report published on Thursday.
A number of other brokerages also recently issued reports on CENX. Zacks Investment Research raised Century Aluminum from a sell rating to a hold rating in a research report on Wednesday, December 12th. ValuEngine raised Century Aluminum from a sell rating to a hold rating in a research report on Wednesday, February 27th. B. Riley set a $15.00 price target on Century Aluminum and gave the stock a buy rating in a research report on Friday, February 22nd. Berenberg Bank raised Century Aluminum from a sell rating to a hold rating and reduced their price target for the stock from $10.00 to $9.00 in a research report on Monday, January 14th. They noted that the move was a valuation call. Finally, Morgan Stanley began coverage on Century Aluminum in a research report on Friday, December 21st. They set an equal weight rating and a $10.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $14.00.
Shares of NASDAQ CENX opened at $8.30 on Thursday. The company has a market cap of $731.25 million, a PE ratio of -59.29 and a beta of 1.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 2.26. Century Aluminum has a 1-year low of $6.54 and a 1-year high of $20.19.
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in Century Aluminum by 1,531.9% during the third quarter. Tower Research Capital LLC TRC now owns 9,106 shares of the industrial products company’s stock worth $109,000 after buying an additional 8,548 shares in the last quarter. Virtu Financial LLC acquired a new stake in Century Aluminum during the third quarter worth approximately $132,000. Hsbc Holdings PLC acquired a new stake in shares of Century Aluminum in the 4th quarter valued at $87,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Century Aluminum in the 3rd quarter valued at $192,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Century Aluminum by 374.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 13,295 shares in the last quarter. 55.84% of the stock is currently owned by institutional investors and hedge funds.
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary and secondary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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