Somewhat Negative News Coverage Extremely Likely to Impact Century Aluminum Company (CENX) Stock Price

Media headlines about Century Aluminum Company  have been trending somewhat negative on Tuesday, according to AlphaOne. AlphaOne, a unit of Accern, ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Century Aluminum Company earned a daily sentiment score of -0.20 on AlphaOne’s scale. AlphaOne also gave media stories about the industrial products company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have effected AlphaOne’s rankings:

Shares of Century Aluminum Company  traded down 0.85% during midday trading on Tuesday, reaching $16.29. 1,342,449 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $14.14 and a 200-day moving average of $12.68. Century Aluminum Company has a 1-year low of $5.53 and a 1-year high of $17.28. The company’s market capitalization is $1.42 billion.

Century Aluminum Company (NASDAQ:CENX) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.10. Century Aluminum Company had a negative return on equity of 5.85% and a negative net margin of 18.40%. The company had revenue of $365.80 million during the quarter, compared to analysts’ expectations of $364.33 million. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Equities analysts expect that Century Aluminum Company will post $0.75 earnings per share for the current fiscal year.

CENX has been the subject of several recent analyst reports. BidaskClub upgraded shares of Century Aluminum Company from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Century Aluminum Company from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, February 21st. TheStreet upgraded shares of Century Aluminum Company from a “d+” rating to a “c” rating in a research note on Monday, February 27th. Deutsche Bank AG downgraded shares of Century Aluminum Company from a “hold” rating to a “sell” rating and raised their target price for the company from $9.00 to $10.00 in a report on Tuesday, February 28th. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “hold” rating and issued a $14.00 target price on shares of Century Aluminum Company in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.80.

In other Century Aluminum Company news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total value of $410,955.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.