BidaskClub upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a report published on Thursday.

Several other analysts also recently weighed in on the company. Deutsche Bank upgraded Century Aluminum from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Tuesday, October 17th. J P Morgan Chase & Co downgraded Century Aluminum from an overweight rating to a neutral rating and decreased their target price for the company from $22.00 to $14.50 in a research note on Monday, October 30th. Zacks Investment Research downgraded Century Aluminum from a hold rating to a strong sell rating in a research note on Tuesday, November 14th. Cowen set a $16.00 target price on Century Aluminum and gave the company a hold rating in a research note on Sunday, October 29th. Finally, Macquarie started coverage on Century Aluminum in a research note on Thursday, September 7th. They set a neutral rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $17.10.

Century Aluminum (NASDAQ CENX) remained flat at $$15.67 on Thursday. The stock had a trading volume of 2,613,486 shares, compared to its average volume of 2,316,082. Century Aluminum has a one year low of $8.39 and a one year high of $20.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 2.61.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The business had revenue of $388.80 million for the quarter, compared to the consensus estimate of $392.28 million. During the same quarter in the previous year, the company earned ($0.31) EPS. Century Aluminum’s revenue for the quarter was up 16.5% compared to the same quarter last year. research analysts expect that Century Aluminum will post 0.39 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd acquired a new position in Century Aluminum in the 2nd quarter valued at approximately $160,000. Piedmont Investment Advisors LLC acquired a new position in Century Aluminum in the 2nd quarter valued at approximately $168,000. IndexIQ Advisors LLC raised its holdings in Century Aluminum by 752.8% in the 3rd quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 9,086 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Century Aluminum by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,730 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 370 shares in the last quarter. Finally, ARP Americas LLC acquired a new position in Century Aluminum in the 3rd quarter valued at approximately $202,000. 68.01% of the stock is owned by hedge funds and other institutional investors.

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About Century Aluminum

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.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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