NewsPrimary ALCentury Aluminum company upgraded by TheStreet to “Hold”
13 MAY 2013Mideasttime.com

Century Aluminum company upgraded by TheStreet to “Hold”

Edited by : AL CIRCLE
2 min read
Century Aluminum company upgraded by TheStreet to “Hold”
The Street upgraded shares of Century Aluminum Company from a sell rating to a hold rating in a report issued on Tuesday.

"Century Aluminum Company has been upgraded by The Street Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself.", TheStreet's analyst wrote.

A number of other analysts have also recently weighed in on CENX. Analysts at Cowen Securities upgraded shares of Century Aluminum Company from a hold rating to a buy rating in a research note to investors on Tuesday, April 30th. They now have a $13.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Century Aluminum Company from $7.00 to $6.00 in a research note to investors on Monday, April 29th. They now have an underperform rating on the stock. Finally, analysts at Davenport upgraded shares of Century Aluminum Company from a neutral rating to a buy rating in a research note to investors on Monday, April 29th. They now have a $14.00 price target on the stock.

Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Century Aluminum Company currently has an average rating of Hold and a consensus target price of $9.00.

Shares of Century Aluminum Company remained flat at $8.90 during mid-day trading on Tuesday. Century Aluminum Company has a one year low of $5.52 and a one year high of $9.70. The stock's 50-day moving average is currently $7.60. The company's market cap is $788.5 million.

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