BidaskClub upgraded shares of Century Aluminum (NASDAQ:CENX) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded Century Aluminum from a hold rating to a sell rating in a research report on Tuesday, January 9th. Deutsche Bank downgraded Century Aluminum from a buy rating to a hold rating and decreased their price target for the company from $20.00 to $14.00 in a research report on Wednesday, December 20th. JPMorgan Chase & Co. downgraded Century Aluminum from an overweight rating to a neutral rating and decreased their price target for the company from $22.00 to $14.50 in a research report on Monday, October 30th. Cowen set a $16.00 price target on Century Aluminum and gave the company a hold rating in a research report on Sunday, October 29th. Finally, BMO Capital Markets set a $16.00 price target on Century Aluminum and gave the company a hold rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $15.90.

Century Aluminum (NASDAQ:CENX) traded up $0.72 during mid-day trading on Friday, hitting $22.14. The stock had a trading volume of 1,213,608 shares, compared to its average volume of 1,770,082. Century Aluminum has a 52 week low of $11.26 and a 52 week high of $22.37. The company has a quick ratio of 1.27, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1,933.42, a price-to-earnings ratio of -12.23 and a beta of 0.41.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.31) EPS. research analysts expect that Century Aluminum will post 0.33 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in CENX. Balyasny Asset Management LLC increased its position in Century Aluminum by 742.8% in the second quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock worth $47,173,000 after buying an additional 2,668,550 shares during the last quarter. ING Groep NV increased its position in Century Aluminum by 760.7% in the third quarter. ING Groep NV now owns 2,443,639 shares of the industrial products company’s stock worth $40,516,000 after buying an additional 2,159,729 shares during the last quarter. Amerigo Asset Management purchased a new stake in Century Aluminum in the third quarter worth $13,496,000. Teachers Advisors LLC increased its position in Century Aluminum by 448.1% in the second quarter. Teachers Advisors LLC now owns 667,670 shares of the industrial products company’s stock worth $10,402,000 after buying an additional 545,844 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in Century Aluminum by 15.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,808,095 shares of the industrial products company’s stock worth $28,170,000 after buying an additional 245,892 shares during the last quarter. 67.98% of the stock is owned by institutional investors and hedge funds.

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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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