Century Aluminum (NASDAQ:CENX) Price Target Raised to $18.00

Century Aluminum (NASDAQ:CENX) had its target price increased by BMO Capital Markets from $16.00 to $18.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a market perform rating on the industrial products company’s stock.

CENX has been the topic of several other research reports. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. B. Riley upped their target price on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday.

Century Aluminum Price Performance

Shares of NASDAQ CENX opened at $22.10 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 7.39 and a beta of 2.47. Century Aluminum has a twelve month low of $6.25 and a twelve month high of $22.77. The business has a 50 day simple moving average of $16.12 and a 200-day simple moving average of $16.32.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31. The firm had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 12.07%. During the same quarter in the previous year, the company posted ($0.13) earnings per share. As a group, equities research analysts expect that Century Aluminum will post 0.07 earnings per share for the current year.

Hedge Funds Weigh In On Century Aluminum

Several institutional investors have recently modified their holdings of the company. MQS Management LLC lifted its position in Century Aluminum by 8.1% in the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 883 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Century Aluminum by 2.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 1,102 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Century Aluminum by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after buying an additional 1,335 shares during the last quarter. Finally, Quest Partners LLC boosted 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 buying an additional 1,385 shares during the period. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

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.