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Alcoa or Century Aluminum: Which Stock Are Analysts Bullish On?


Mar. 8 2018, Updated 7:31 a.m. ET

Analysts’ targets

In this article, we’ll take a look at how analysts are rating different aluminum producers.

Alcoa (AA), the leading US-based aluminum producer, carries a consensus one-year price target of $61.64, which represents a potential upside of 35.3% over its March 2, 2018, closing price. In comparison, Century Aluminum (CENX) is trading 7.3% above its consensus price target.

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Alcoa has received “buy” or higher ratings from 10 analysts, while the remaining three analysts polled by Reuters on March 2 have rated the stock as a “hold” or some equivalent.

In comparison, Century Aluminum (CENX) has received “hold” ratings from all five analysts polled by Reuters. Norsk Hydro (NHYDY) has received “buy” or higher ratings from seven analysts, while 12 analysts have given the stock “hold” ratings. One analyst has a “sell” rating on Norsk Hydro. South32 (S32) and Alumina Limited (AWC) have received “buy” or higher ratings from 18% and 73% of analysts surveyed by Reuters on March 2, respectively.

Section 232 impact

Century Aluminum could be a big gainer from the aluminum tariffs imposed by President Donald Trump. Being a global aluminum company, Alcoa is at risk of retaliation from other countries. Not surprisingly, while Century Aluminum has overtly welcomed the tariffs, Alcoa’s response has been quite measured. According to Reuters citing Alcoa, “US trade actions should focus on Chinese overcapacity and not penalize nations that abide by the rules.”

Read Would Tariffs Make US Aluminum Producers Great Again? to see how the proposed tariffs could impact the US aluminum industry.


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