Century Aluminum Co (NASDAQ:CENX)’s share price traded up 7.7% on Monday . The stock traded as high as $10.91 and last traded at $10.74. 3,851,570 shares were traded during trading, an increase of 75% from the average session volume of 2,205,197 shares. The stock had previously closed at $9.97.
Several equities analysts have recently weighed in on the stock. Deutsche Bank upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, August 2nd. BidaskClub lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Saturday, July 7th. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Monday, October 1st. ValuEngine downgraded shares of Century Aluminum from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 19th. Finally, B. Riley decreased their target price on shares of Century Aluminum from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.14.
The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 2.89. The stock has a market capitalization of $1.05 billion, a P/E ratio of 29.40 and a beta of 0.72.
Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $470.00 million during the quarter, compared to the consensus estimate of $458.03 million. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, equities analysts anticipate that Century Aluminum Co will post 0.91 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Swiss National Bank grew its position in Century Aluminum by 5.6% in the 1st quarter. Swiss National Bank now owns 91,150 shares of the industrial products company’s stock worth $1,508,000 after purchasing an additional 4,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Century Aluminum in the 1st quarter worth about $321,000. BlackRock Inc. grew its position in Century Aluminum by 1.4% in the 1st quarter. BlackRock Inc. now owns 6,464,997 shares of the industrial products company’s stock worth $106,930,000 after purchasing an additional 89,725 shares in the last quarter. JPMorgan Chase & Co. grew its position in Century Aluminum by 329.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,340,691 shares of the industrial products company’s stock worth $22,176,000 after purchasing an additional 1,028,829 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in Century Aluminum in the 1st quarter worth about $356,000. 56.00% of the stock is owned by institutional investors.
About Century Aluminum (NASDAQ:CENX)
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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