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Analysts at Guggenheim increased their price objective on shares of CARBO Ceramics (NYSE:CRR) from $95.00 to $110.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. Guggenheim’s target price would suggest a potential downside of 20.47% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Davidson upgraded shares of CARBO Ceramics to a “buy” rating in a research note on Monday, April 28th. Separately, analysts at Howard Weil raised their price target on shares of CARBO Ceramics from $134.00 to $140.00 in a research note on Friday, April 25th. They now have a “sector perform” rating on the stock. Finally, analysts at DA Davidson upgraded shares of CARBO Ceramics from a “neutral” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $163.00 price target on the stock, up previously from $145.00. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CARBO Ceramics presently has a consensus rating of “Buy” and a consensus price target of $130.33.

CARBO Ceramics (NYSE:CRR) opened at 138.31 on Monday. CARBO Ceramics has a one year low of $62.11 and a one year high of $144.35. The stock’s 50-day moving average is $133.0 and its 200-day moving average is $120.. The company has a market cap of $3.195 billion and a P/E ratio of 37.09.

CARBO Ceramics (NYSE:CRR) last announced its earnings results on Thursday, April 24th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.87 by $0.07. The company had revenue of $148.56 million for the quarter, compared to the consensus estimate of $165.57 million. During the same quarter last year, the company posted $0.76 earnings per share. CARBO Ceramics’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that CARBO Ceramics will post $4.28 earnings per share for the current fiscal year.

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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