Century Aluminum receives consensus rating of “Buy” from brokerages

Shares of Century Aluminum have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Stock Ratings News reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.40.

Several analysts have recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Century Aluminum in a research note on Tuesday, November 18th. They set an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 30th. They now have a $30.00 price target on the stock, up previously from $21.00. Finally, analysts at Bank of America upgraded shares of Century Aluminum from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 30th. They now have a $30.00 price target on the stock, up previously from $21.00. They noted that the move was a valuation call.

Shares of Century Aluminum traded up 2.09% on Wednesday, hitting $27.84. The stock had a trading volume of 1,427,291 shares. Century Aluminum has a one year low of $8.49 and a one year high of $29.60. The stock has a 50-day moving average of $26.15 and a 200-day moving average of $21.02. The company has a market cap of $2.476 billion and a P/E ratio of 65.71.

Century Aluminum last announced its earnings results on Wednesday, October 29th. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52. The company had revenue of $500.60 million for the quarter, compared to the consensus estimate of $488.64 million. During the same quarter last year, the company posted ($0.14) earnings per share. Century Aluminum’s revenue was up 25.2% compared to the same quarter last year. Analysts expect that Century Aluminum will post $1.09 EPS for the current fiscal year.