Brokerages Set Calgon Carbon Corporation (NYSE:CCC) PT at $17.40

Shares of Calgon Carbon Corporation (NYSE:CCC) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $17.40.

A number of research analysts have issued reports on the stock. Janney Montgomery Scott cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $16.00 in a report on Thursday. Sidoti reaffirmed a “buy” rating and issued a $20.00 target price (up from $18.00) on shares of Calgon Carbon Corporation in a report on Wednesday, July 12th. BidaskClub raised shares of Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Roth Capital set a $16.00 target price on shares of Calgon Carbon Corporation and gave the company a “hold” rating in a report on Saturday, April 1st.

In other news, Director J Rich Alexander sold 5,251 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $14.25, for a total transaction of $74,826.75. Following the completion of the transaction, the director now directly owns 24,183 shares of the company’s stock, valued at approximately $344,607.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.32% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Calgon Carbon Corporation by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock worth $166,000 after buying an additional 51 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Calgon Carbon Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the industrial products company’s stock worth $301,000 after buying an additional 200 shares during the period. Arizona State Retirement System boosted its position in shares of Calgon Carbon Corporation by 1.2% in the first quarter. Arizona State Retirement System now owns 26,339 shares of the industrial products company’s stock worth $385,000 after buying an additional 300 shares during the period. Sei Investments Co. boosted its position in shares of Calgon Carbon Corporation by 4.3% in the first quarter. Sei Investments Co. now owns 13,610 shares of the industrial products company’s stock worth $199,000 after buying an additional 566 shares during the period. Finally, BlueCrest Capital Management Ltd boosted its position in shares of Calgon Carbon Corporation by 5.7% in the first quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock worth $155,000 after buying an additional 571 shares during the period. 82.53% of the stock is owned by institutional investors and hedge funds.

Shares of Calgon Carbon Corporation (NYSE CCC) traded down 1.26% during trading on Friday, hitting $15.70. The company had a trading volume of 552,438 shares. Calgon Carbon Corporation has a 52-week low of $12.89 and a 52-week high of $18.80. The firm has a market capitalization of $796.82 million, a P/E ratio of 87.22 and a beta of 1.07. The stock’s 50-day moving average is $14.42 and its 200 day moving average is $15.09.

Calgon Carbon Corporation (NYSE:CCC) last posted its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $143.03 million. Calgon Carbon Corporation had a net margin of 1.70% and a return on equity of 5.68%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Equities research analysts predict that Calgon Carbon Corporation will post $0.57 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Brokerages Set Calgon Carbon Corporation (NYSE:CCC) PT at $17.40” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/07/17/brokerages-set-calgon-carbon-corporation-nyseccc-pt-at-17-40.html.

Calgon Carbon Corporation Company Profile

Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.

Analyst Recommendations for Calgon Carbon Corporation (NYSE:CCC)

What are top analysts saying about Calgon Carbon Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Calgon Carbon Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit