Century Aluminum receives consensus recommendation of “Buy” from Brokerages

Century Aluminum has been given an average recommendation of “Buy” by the ten analysts that are covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.40.

Century Aluminum opened at 22.55 on Friday. Century Aluminum has a 52-week low of $8.18 and a 52-week high of $29.54. The stock has a 50-day moving average of $25.56 and a 200-day moving average of $18.25. The company’s market cap is $2.003 billion.

Century Aluminum last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.39) earnings per share. Century Aluminum’s revenue was up 38.1% compared to the same quarter last year. Analysts expect that Century Aluminum will post $1.06 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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. Separately, 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. Finally, 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.

Century Aluminum Company is engaged in producing aluminum.