Deutsche Bank AG upgraded shares of Century Aluminum Company (NASDAQ:CENX) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $20.00 price target on the industrial products company’s stock.

Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Century Aluminum from a hold rating to a buy rating and set a $19.00 target price for the company in a report on Monday, October 9th. BidaskClub upgraded shares of Century Aluminum from a hold rating to a buy rating in a report on Thursday, August 24th. BMO Capital Markets reiterated a hold rating and issued a $14.00 target price on shares of Century Aluminum in a report on Sunday, July 2nd. Cowen and Company set a $16.00 target price on shares of Century Aluminum and gave the company a hold rating in a report on Wednesday, August 2nd. Finally, Macquarie initiated coverage on shares of Century Aluminum in a report on Thursday, September 7th. They issued a neutral rating for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $18.40.

Century Aluminum (NASDAQ CENX) traded down 1.93% on Tuesday, hitting $15.23. 376,379 shares of the stock traded hands. The firm’s market capitalization is $1.33 billion. Century Aluminum has a 52 week low of $6.51 and a 52 week high of $20.68. The stock has a 50 day moving average of $18.24 and a 200 day moving average of $15.63.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). The firm had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $398.33 million. Century Aluminum had a negative net margin of 16.48% and a negative return on equity of 5.61%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. Equities research analysts anticipate that Century Aluminum will post $0.63 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund boosted its position in shares of Century Aluminum by 0.9% in the second quarter. Texas Permanent School Fund now owns 36,315 shares of the industrial products company’s stock valued at $566,000 after acquiring an additional 307 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Century Aluminum by 3.3% in the second 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 during the period. Arizona State Retirement System boosted its position in shares of Century Aluminum by 1.6% in the first quarter. Arizona State Retirement System now owns 25,937 shares of the industrial products company’s stock valued at $329,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Century Aluminum by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 39,906 shares of the industrial products company’s stock valued at $622,000 after acquiring an additional 406 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 783 shares during the period. Institutional investors own 67.17% of the company’s stock.

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.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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