Economy

Calgon Carbon Corporation (CCC) Lowered to "Sell" at Janney Montgomery Scott

Calgon Carbon Corporation (CCC) Lowered to

Janney Capital has downgraded Calgon Carbon (NYSE:CCC) from Neutral to Sell in a report released on 09/21/2017.

Japanese chemical manufacturer Kuraray Co Ltd will buy USA firm Calgon Carbon Corp for $1.107 billion, Kuraray said on Thursday, adding the carbon materials firm as one of its core businesses. Calgon Carbon has recorded a 50-day average of $13.45 and a two hundred day average of $14.24. The stock now has an average rating of Hold and a consensus target price of $18.20. Calgon Carbon Corporation also declared a dividend that was paid on Thursday June 15th, 2017. The 12-month price target is $17.29 with 1 brokerage rating the stock a strong buy, 0 analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Calgon Carbon Corporation (NYSE CCC) traded up 62.12% on Wednesday, hitting $21.40.

Traders are a little more bearish on the company lately if you take note of the change in short interest.

Bluecrest Capital Management Ltd added to its holdings by buying 1,050 shares an increase of 9.9% as of 06/30/2017.

Calgon Carbon Corporation (NYSE:CCC) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.14. The business had revenue of $153.00 million during the quarter, compared to the consensus estimate of $151.18 million. This recommendation lands on a scale between 1 and 5.

Calgon had net income a year ago of almost $14 million on sales of $514 million. During the same period past year, the business earned $0.15 EPS. In the last earnings report the EPS was $0.14 and is estimated to be $0.50 for the current year with 50,794,000 shares outstanding.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Equities Focus and is the property of of Equities Focus. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & worldwide copyright and trademark law. BlackRock Inc. grew its stake in shares of Calgon Carbon Corporation by 18,763.5% in the first quarter. BlackRock Inc. now owns 6,327,956 shares of the industrial products company's stock worth $92,388,000 after acquiring an additional 6,294,410 shares during the period. The Manufacturers Life Insurance Company now owns 39,264 shares of the industrial products company's stock worth $593,000 after purchasing an additional 156 shares during the last quarter.



Like this

loading...
loading...

Latest


22 September 2017
Ivy Tech student used stolen student IDs for $7000 in fraudulent purchases
An Indiana college student is accused of using other student's ID numbers to buy thousands of dollars worth of items. Police arrested Bioncia Mitchell of Versailles, Ind. on charges of identity theft, fraud, and theft.

21 September 2017
TTC suing Manulife over its role in multi-million dollar benefits scam
The statement of claim alleges the TTC has suffered losses due to "negligence and breach of contract" by Manulife. The transit service says its annual benefit costs for 2016 were down nearly $5 million from the previous year.

21 September 2017
Seminole Volleyball Falls to No. 3 Florida in Three
State is also looking to avoid being.500 after four games, with a win in Tallahassee neutralizing the tough loss to SC . Fellow ends Kentavius Street and Darian Roseboro are capable of getting to the quarterback, with tackles B.J.

21 September 2017
Decision 17: Friday's your last chance to enrol to vote
But that year more than 27,000 votes were discounted because those who cast them still hadn't enrolled by election day. Early voting allows voters to enrol at the booth if they haven't done so already.

21 September 2017
California targets one of the Trump's significant campaign assurances
As per the state lawsuit, the Trump administration has completely failed to comply with state and federal environmental laws. He said the project involves the improper waiver of 37 federal statutes, many aimed at protecting the environment.

21 September 2017
Coherent, Inc. (NASDAQ:COHR) Traded 13.4% Above Its 50 Day Moving Average
Finally, ValuEngine downgraded Coherent from a "buy" rating to a "hold" rating in a research report on Friday, September 1st. The value of the total investment in Coherent, Inc. increased from $870,000 to $954,000 a change of 9.7% quarter to quarter.

21 September 2017
Western Railway to probe speeding train incident in Mumbai
And water-logging in railway tracks is a commuter's worst nightmare which was Wednesday's scenario in the low-lying regions. The total almost surpassed the city's average precipitation of 12.3 inches for September, according to The Times of India .

21 September 2017
Big Baller Brand modifies original ZO2, will offer refunds
Ball's first opportunity to wear them in a game will be when the Lakers meet the Minnesota Timberwolves in a preseason contest on September 30.

21 September 2017
Ivanka Trump discusses her postpartum depression
She's 6ft tall, she's got the best body. "She made a lot money as a model-a tremendous amount", he added. When it comes to government work, “employee” is more than just a word.

21 September 2017
Featured Stock: IMAX Corporation (IMAX)
If you are viewing this article on another domain, it was stolen and reposted in violation of global copyright and trademark laws. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .