3/31/2015

CenturyAluminumPriceTargetCutto$8.00(CENX)AmericanBankingNews

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CenturyAluminumPriceTargetCutto$8.00(CENX)
March31st,20150commentsFiledUnderbyABMNStaff
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JPMorganChase&Co.reducedtheir
pricetargetonsharesofCenturyAluminum(NASDAQ:CENX)from$14.00to$8.00inaresearchnoteissuedon
Tuesday.Thefirmcurrentlyhasanunderweightratingonthestock.JPMorganChase&Co.spriceobjectivepointsto
apotentialdownsideof44.98%fromthecompanyscurrentprice.
SharesofCenturyAluminum(NASDAQ:CENX)tradeddown4.88%onTuesday,hitting$13.83.2,124,376sharesof
thecompanysstocktradedhands.CenturyAluminumhasa1yearlowof$12.63anda1yearhighof$31.75.The
stocks50daymovingaverageis$17.andits200daymovingaverageis$23..Thecompanyhasamarketcapof$1.23
billionandapricetoearningsratioof12.03.
CenturyAluminum(NASDAQ:CENX)lastreleaseditsearningsdataonTuesday,February24th.Thecompanyreported
$0.64EPSforthequarter,meetingtheThomsonReutersconsensusestimateof$0.64.Thecompanyhadrevenueof
$551.20millionforthequarter,comparedtotheconsensusestimateof$512.05million.AnalystsexpectthatCentury
Aluminumwillpost$1.99EPSforthecurrentfiscalyear.
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CenturyAluminumPriceTargetCutto$8.00(CENX)AmericanBankingNews

Severalotheranalystshavealsorecentlycommentedonthestock.AnalystsatMorganStanleydowngradedsharesof
CenturyAluminumfromanequalweightratingtoanunderweightratingandloweredtheirpricetargetforthestock
from$18.00to$12.00inaresearchnoteonTuesday,March24th.AnalystsatStandpointResearchupgradedsharesof
CenturyAluminumfromaholdratingtoabuyratinginaresearchnoteonWednesday,March18th.Analystsat
DeutscheBankreiteratedabuyratingandseta$27.00pricetarget(downpreviouslyfrom$32.00)onsharesof
CenturyAluminuminaresearchnoteonThursday,March5th.Finally,analystsatBankofAmericadowngradedshares
ofCenturyAluminumfromabuyratingtoaneutralratingandloweredtheirpricetargetforthestockfrom$39.00
to$23.00inaresearchnoteonWednesday,March4th.Twoequitiesresearchanalystshaveratedthestockwithasell
rating,threehaveassignedaholdratingandsixhaveassignedabuyratingtothestock.CenturyAluminumhasan
averageratingofHoldandanaveragetargetpriceof$21.39.
CenturyAluminumCompany(NASDAQ:CENX)isaholdingcompanyengagedintheproductionofprimary
aluminum.CenturysprimaryaluminumfacilitiesincludeGrundartangi,Iceland(Grundartangi)withcapacityof
294,000tonsperyear(tpy)Hawesville,Kentucky,(Hawesville)withcapacityof250,000tpyRobards,Kentucky
(Sabree)withacapacityof205,000tpyMt.
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CenturyAluminumPriceTargetCutto$8.00(CENX)AmericanBankingNews

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