Century Aluminum (NASDAQ:CENX) Price Target Raised to $24.00

Century Aluminum (NASDAQ:CENX) had its target price raised by B. Riley from $22.00 to $24.00 in a report published on Tuesday morning, Benzinga reports. B. Riley currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also issued reports on CENX. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. BMO Capital Markets dropped their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Friday, August 9th.

Century Aluminum Stock Up 20.0 %

Shares of NASDAQ:CENX opened at $21.05 on Tuesday. Century Aluminum has a 1 year low of $6.25 and a 1 year high of $22.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63. The business’s 50-day moving average is $15.55 and its 200-day moving average is $16.19. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.12 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31. The firm had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. During the same period in the previous year, the firm earned ($0.13) earnings per share. Equities research analysts predict that Century Aluminum will post 0.07 earnings per share for the current year.

Institutional Trading of Century Aluminum

Hedge funds have recently bought and sold shares of the business. Covestor Ltd raised its holdings in Century Aluminum by 13,746.2% during the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,787 shares during the last quarter. Quest Partners LLC increased its position in shares of Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,233 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Century Aluminum by 7,779.8% in the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 6,924 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in Century Aluminum in the 1st quarter valued at about $161,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.