Century Aluminum (NASDAQ:CENX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Century Aluminum (NASDAQ:CENX - Free Report) had its target price increased by BMO Capital Markets from $16.00 to $18.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a market perform rating on the industrial products company's stock.

CENX has been the topic of several other reports. StockNews.com cut Century Aluminum from a "hold" rating to a "sell" rating in a research report on Friday. B. Riley lifted their target price on Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday.

Century Aluminum Stock Performance

Shares of CENX traded up $3.51 during trading hours on Tuesday, reaching $21.05. 4,339,792 shares of the company's stock traded hands, compared to its average volume of 1,335,476. Century Aluminum has a twelve month low of $6.25 and a twelve month high of $22.29. The business's fifty day simple moving average is $15.55 and its two-hundred day simple moving average is $16.19. 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 firm 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 - Get Free Report) last released its quarterly earnings results 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 company had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. During the same period in the previous year, the firm earned ($0.13) EPS. Analysts predict that Century Aluminum will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Covestor Ltd grew its holdings in shares of Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company's stock worth $28,000 after acquiring an additional 1,787 shares during the last quarter. Quest Partners LLC increased its stake in Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after purchasing an additional 1,385 shares in the last quarter. GAMMA Investing LLC raised its holdings in Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after buying an additional 1,233 shares during the period. Russell Investments Group Ltd. lifted its stake in Century Aluminum by 7,779.8% during the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company's stock valued at $108,000 after buying an additional 6,924 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Century Aluminum in the first quarter worth about $161,000. Institutional investors 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.