Century Aluminum (CENX) Downgraded by BidaskClub
BidaskClub downgraded shares of Century Aluminum (NASDAQ:CENX) from a buy rating to a hold rating in a research report released on Wednesday.
CENX has been the topic of several other reports. Zacks Investment Research cut Century Aluminum from a buy rating to a hold rating in a report on Monday, October 23rd. JPMorgan Chase & Co. cut Century Aluminum from an overweight rating to a neutral rating and lowered their target price for the stock from $22.00 to $14.50 in a report on Monday, October 30th. BMO Capital Markets set a $16.00 target price on Century Aluminum and gave the stock a hold rating in a report on Friday, October 27th. Deutsche Bank upgraded Century Aluminum from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Tuesday, October 17th. Finally, Cowen set a $16.00 target price on Century Aluminum and gave the stock a hold rating in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Century Aluminum has a consensus rating of Hold and a consensus price target of $15.90.
Century Aluminum (NASDAQ CENX) traded up $0.73 during mid-day trading on Wednesday, reaching $21.74. The company had a trading volume of 3,423,500 shares, compared to its average volume of 1,975,892. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32. Century Aluminum has a 12 month low of $10.10 and a 12 month high of $22.30. The firm has a market cap of $1,898.49, a PE ratio of -12.01 and a beta of 0.41.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The firm had revenue of $388.80 million during the quarter, compared to analyst estimates of $392.28 million. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. equities research analysts anticipate that Century Aluminum will post 0.35 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Stevens Capital Management LP acquired a new position in shares of Century Aluminum during the 3rd quarter worth approximately $366,000. Alliancebernstein L.P. boosted its holdings in shares of Century Aluminum by 41.9% during the 2nd quarter. Alliancebernstein L.P. now owns 97,900 shares of the industrial products company’s stock worth $1,525,000 after purchasing an additional 28,900 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Century Aluminum during the 3rd quarter worth approximately $275,000. Quantbot Technologies LP acquired a new position in Century Aluminum in the second quarter valued at approximately $997,000. Finally, Parallax Volatility Advisers L.P. lifted its holdings in Century Aluminum by 412.4% in the second quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock valued at $1,701,000 after acquiring an additional 87,857 shares during the last quarter. Institutional investors and hedge funds own 67.98% of the company’s stock.
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Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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