Texas (September 6, 2013) Wax Ink has issued a Positive Investment Interest opinion for Century Aluminum Company (Nasdaq: CENX) based on a recent baseline equity review which placed fair value between $21-$23.
The recent close of $7.98 is approximately 35% below the fair value buy target for the stock and approximately 69% below the fair value close target for the stock. The recent close is also 27% below analysts' twelve-month $11.00 median price target for the stock.
The recent close represents a 30% increase in the one year price of the stock, while year-over-year sales decreased 6%, year-over-year earnings decreased 39%, and year-over-year debt decreased 2.5%.
The stock currently has a trailing twelve-month PE Ratio of 17, and a PEG Ratio of 2.4 basis estimated forward earnings growth of 7%.
In the past 52 weeks, share prices have moved between a high of $10.60 and a low of $6.19, placing equilibrium at $8.53.
With the recent close, the stock is trading 33% below the 52 week high, 22% above the 52 week low, and 7% below equilibrium.
The three-month average daily trading volume for the stock is approximately 825,000 shares.
Century Aluminum Company together with its subsidiaries, produces and sells primary aluminum in the United States and Iceland.
The company's listed competitors include Alcoa, Inc., Kaiser Aluminum Corporation,and Noranda Aluminum Holding Company
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.