Century Aluminum receives “Buy” recommendation

Shares of Century Aluminum have been given a consensus rating of “Buy” by the ten brokerages that are presently covering the stock, American Banking and Market News reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.89.

Shares of Century Aluminum opened at 29.28 on Thursday. Century Aluminum has a 1-year low of $7.80 and a 1-year high of $29.54. The stock has a 50-day moving average of $21.65 and a 200-day moving average of $15.86. The company’s market cap is $2.600 billion.

Century Aluminum last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.03. The company had revenue of $458.30 million for the quarter, compared to the consensus estimate of $438.71 million. During the same quarter in the prior year, the company posted ($0.39) earnings per share. The company’s quarterly revenue was up 38.1% on a year-over-year basis. On average, analysts predict that Century Aluminum will post $1.01 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Century Aluminum in a research note on Wednesday, September 3rd. They set a “buy” rating and a $30.00 price target on the stock. Separately, analysts at CRT Capital raised their price target on shares of Century Aluminum from $23.00 to $34.00 in a research note on Wednesday, September 3rd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Century Aluminum in a research note on Wednesday, September 3rd. They set a “buy” rating and a $30.00 price target on the stock.

Century Aluminum Company is engaged in producing aluminum.