S&P Global Ratings Elevates Century Aluminum to 'B'

By EC Assets · Published · Updated

S&P Global Ratings has upgraded its rating for Century Aluminum Co. to 'B'. This marks a change from the prior assessment. The upgrade reflects an improvement in the company's metrics. The aluminum producer's shares trade under the ticker CENX. Century Aluminum Co. has an investment rating of HOLD. Its target price is $62.00. The company's Industry Subrating is Medium, and its Management Subrating is Medium. Some analysts have issued a "buy" or equivalent rating for Century Aluminum. Thomson Reuters polled analysts on November 7. Four analysts rated the stock in other categories. Other companies in related sectors also have analyst coverage. Kaiser Aluminum Corp. has an Investment Rating of HOLD. Its target price is $171.00. Kaiser Aluminum's Industry Subrating is Medium, and its Management Subrating is Medium. Globe Life has a consensus rating of Moderate Buy. Its average rating score is 2.91, based on one strong buy rating, eight buy ratings, and two other ratings. Zebra Technologies has a consensus rating of Moderate Buy among 17 analysts, with 11 Strong Buys, one Moderate Buy rating, and five Holds. The aluminum market has seen revised projections. Citi elevated its projections for aluminum to $4,000 per unit. These projections reflect a broader market context for aluminum pricing. This article is intended for informational purposes only. It does not constitute investment advice.

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