CARBO Ceramics Given New $115.00 Price Target at Guggenheim (CRR)
Stock analysts at Guggenheim upped their price target on shares of CARBO Ceramics (NYSE:CRR) from $98.00 to $115.00 in a report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price would indicate a potential upside of 20.02% from the stock’s previous close.
CARBO Ceramics (NYSE:CRR) traded down 0.62% on Tuesday, hitting $95.82. The stock had a trading volume of 208,767 shares. CARBO Ceramics has a 52-week low of $60.33 and a 52-week high of $106.51. The stock has a 50-day moving average of $88.8 and a 200-day moving average of $80.39. The company has a market cap of $2.212 billion and a price-to-earnings ratio of 28.70.
CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $153.74 million for the quarter, compared to the consensus estimate of $145.49 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. Analysts expect that CARBO Ceramics will post $3.13 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Howard Weil raised their price target on shares of CARBO Ceramics (NYSE:CRR) from $80.00 to $88.00 in a research note to investors on Wednesday, August 28th. They now have a “sector perform” rating on the stock. Separately, analysts at TheStreet upgraded shares of CARBO Ceramics (NYSE:CRR) to a “buy” rating in a research note to investors on Monday, August 19th. Finally, analysts at Global Hunter Securities raised their price target on shares of CARBO Ceramics (NYSE:CRR) from $80.00 to $96.00 in a research note to investors on Friday, July 26th. They now have an “accumulate” rating on the stock.
Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $88.28.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, October 30th.
CARBO Ceramics Inc is the supplier of ceramic proppant and the resin-coated sand. The Company is the provider of the fracture simulation software, and a provider of fracture design and consulting services, and a range of technologies for spill prevention, containment and countermeasures.
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