Chemtura Corp. (CHMT) Scheduled to Post Quarterly Earnings on Monday
Chemtura Corp. (NASDAQ:CHMT) will issue its Q313 quarterly earnings data on Monday, November 4th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $556.33 million for the quarter.
Shares of Chemtura Corp. (NASDAQ:CHMT) traded down 2.45% during mid-day trading on Friday, hitting $23.90. The stock had a trading volume of 413,417 shares. Chemtura Corp. has a 52 week low of $14.85 and a 52 week high of $24.51. The stock’s 50-day moving average is $23.71 and its 200-day moving average is $22.48. The company’s market cap is $2.357 billion.
A number of analysts have recently weighed in on CHMT shares. Analysts at Zacks downgraded shares of Chemtura Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 17th. They now have a $23.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. Chemtura Corp. presently has a consensus rating of “Hold” and a consensus price target of $27.00.
Chemtura Corporation (NASDAQ:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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