Century Aluminum Company (NASDAQ:CENX) Given Average Rating of "Buy" by Analysts

Key Points

• Century Aluminum Company (NASDAQ:CENX) has received an average analyst rating of "Buy", with one hold and one strong buy recommendation among the five firms covering the stock.
• The average twelve-month price target for CENX shares is $25.67, with recent ratings indicating a range of bullish sentiment from various investment analysts.
• Recent insider trading activities show a notable decrease in ownership stakes, with SVP Matt Aboud selling over 12,000 shares at $23.27 each, reflecting broader corporate activity amid a strong market performance.

Century Aluminum Company (NASDAQ:CENX - Get Free Report) has been given a consensus recommendation of "Buy" by the five ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.6667.

A number of equities analysts have recently commented on CENX shares. B. Riley raised their price objective on shares of Century Aluminum from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Weiss Ratings restated a "hold (c)" rating on shares of Century Aluminum in a research report on Saturday, September 27th. Zacks Research upgraded shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. BMO Capital Markets restated an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. Finally, Wall Street Zen cut shares of Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd.

Insider Buying and Selling

In other news, SVP Matt Aboud sold 12,027 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total value of $279,868.29. Following the transaction, the senior vice president owned 62,589 shares in the company, valued at approximately $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Agust F. Hafberg sold 9,493 shares of the company's stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $27.91, for a total transaction of $264,949.63. Following the completion of the transaction, the senior vice president owned 55,260 shares in the company, valued at approximately $1,542,306.60. This represents a 14.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CENX. Farther Finance Advisors LLC lifted its stake in shares of Century Aluminum by 1,291.8% in the second quarter. Farther Finance Advisors LLC now owns 1,364 shares of the industrial products company's stock worth $25,000 after buying an additional 1,266 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Century Aluminum in the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in Century Aluminum by 253.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the industrial products company's stock worth $33,000 after purchasing an additional 1,306 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock valued at $75,000 after acquiring an additional 2,909 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Century Aluminum by 12.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 506 shares during the period. Institutional investors own 61.59% of the company's stock.

Century Aluminum Stock Performance

Shares of Century Aluminum stock traded up $0.05 on Friday, reaching $29.87. 1,271,016 shares of the company traded hands, compared to its average volume of 1,697,407. The company has a 50 day moving average of $23.80 and a 200 day moving average of $19.82. Century Aluminum has a 52 week low of $13.05 and a 52 week high of $30.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. The firm has a market capitalization of $2.79 billion, a PE ratio of 25.75 and a beta of 2.52.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.39). Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. The business had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million. Equities analysts forecast that Century Aluminum will post 2.76 earnings per share for the current year.

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.

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