Is Century Aluminum (NASDAQ:CENX) Really Worth Your Time and Dime After a Downgrade Today By Deutsche Bank

October 2, 2018 - By Marie Mckinney

Investors sentiment decreased to 0.87 in 2018 Q2. Its down 0.45, from 1.32 in 2018Q1. It is negative, as 25 investors sold Century Aluminum Company shares while 45 reduced holdings. 23 funds opened positions while 38 raised stakes. 49.46 million shares or 2.47% less from 50.71 million shares in 2018Q1 were reported.

Dimensional Fund L P holds 7.36 million shares. Caxton L P owns 0.25% invested in Century Aluminum Company (NASDAQ:CENX) for 320,000 shares. Cim Inv Mangement Incorporated reported 16,801 shares. Voya Investment Mgmt Limited Liability Com owns 20,287 shares or 0% of their US portfolio. Tci Wealth Advsrs has invested 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX). Teacher Retirement Systems Of Texas has 10,656 shares. First Tru Advisors Lp holds 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX) for 87,298 shares. State Of Tennessee Treasury Department has invested 0% in Century Aluminum Company (NASDAQ:CENX). Fisher Asset Mngmt owns 1.38 million shares. Moreover, Engineers Gate Manager Ltd Partnership has 0.02% invested in Century Aluminum Company (NASDAQ:CENX). Wellington Shields Capital Limited holds 0.12% or 47,300 shares in its portfolio. Price T Rowe Assoc Md stated it has 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX). Arizona State Retirement owns 72,616 shares for 0.01% of their portfolio. Piedmont Inv Advsrs Lc reported 11,633 shares. Geode Capital Mgmt Ltd Liability reported 0% of its portfolio in Century Aluminum Company (NASDAQ:CENX).

Since June 7, 2018, it had 0 buys, and 1 sale for $250,381 activity.

Century Aluminum (NASDAQ:CENX) Receives a Downgrade

Research analysts at Deutsche Bank’s equity research division cut shares of Century Aluminum (NASDAQ:CENX) from a “Buy” to a “Hold” rating today. Theses analysts currently have a TP of $15 on CENX equating to a 27.44 % upside.

Century Aluminum Company (NASDAQ:CENX) Ratings Coverage

Among 6 analysts covering Century Aluminum (NASDAQ:CENX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Century Aluminum has $2700 highest and $1900 lowest target. $22.67’s average target is 92.61% above currents $11.77 stock price. Century Aluminum had 8 analyst reports since April 11, 2018 according to SRatingsIntel. BMO Capital Markets maintained it with “Outperform” rating and $22 target in Thursday, August 2 report. The rating was maintained by Cowen & Co with “Buy” on Friday, May 4. FBR Capital maintained Century Aluminum Company (NASDAQ:CENX) rating on Thursday, August 2. FBR Capital has “Buy” rating and $25 target. Deutsche Bank maintained it with “Hold” rating and $20 target in Wednesday, April 11 report. As per Friday, May 4, the company rating was downgraded by JP Morgan. FBR Capital initiated Century Aluminum Company (NASDAQ:CENX) rating on Wednesday, June 20. FBR Capital has “Buy” rating and $2700 target. The firm earned “Buy” rating on Thursday, August 2 by Deutsche Bank. The firm earned “Hold” rating on Friday, May 4 by J.P. Morgan.

The stock decreased 2.44% or $0.3 during the last trading session, reaching $11.77. About 346,876 shares traded. Century Aluminum Company (NASDAQ:CENX) has declined 40.33% since October 2, 2017 and is downtrending. It has underperformed by 55.95% the S&P500.

Analysts await Century Aluminum Company (NASDAQ:CENX) to report earnings on October, 25. They expect $0.10 EPS, down 33.33 % or $0.05 from last year’s $0.15 per share. CENX’s profit will be $8.77M for 29.43 P/E if the $0.10 EPS becomes a reality. After $0.32 actual EPS reported by Century Aluminum Company for the previous quarter, Wall Street now forecasts -68.75 % negative EPS growth.

Century Aluminum Company, together with its subsidiaries, produces primary aluminum in the United States and Iceland. The company has market cap of $1.03 billion. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. It has a 14.81 P/E ratio.

Century Aluminum Company (NASDAQ:CENX) Institutional Positions Chart

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