Cytec Industries Now Covered by Analysts at Topeka Capital Markets (CYT)
Investment analysts at Topeka Capital Markets initiated coverage on shares of Cytec Industries (NYSE:CYT) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
A number of other firms have also recently commented on CYT. Analysts at Jefferies Group reiterated a “hold” rating on shares of Cytec Industries in a research note on Thursday, June 12th. They now have a $105.00 price target on the stock, up previously from $92.00. Separately, analysts at Citigroup Inc. raised their price target on shares of Cytec Industries from $100.00 to $101.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Finally, analysts at KeyCorp raised their price target on shares of Cytec Industries from $104.00 to $113.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $99.33.
Shares of Cytec Industries (NYSE:CYT) traded up 0.75% on Wednesday, hitting $103.44. The stock had a trading volume of 152,401 shares. Cytec Industries has a 52 week low of $73.18 and a 52 week high of $104.41. The stock’s 50-day moving average is $99.75 and its 200-day moving average is $94.99. The company has a market cap of $3.709 billion and a P/E ratio of 20.14.
Cytec Industries (NYSE:CYT) last announced its earnings results on Tuesday, April 22nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. The company had revenue of $489.00 million for the quarter, compared to the consensus estimate of $492.17 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Cytec Industries will post $5.76 EPS for the current fiscal year.
Cytec Industries Inc/De/, formerly Cytec Industries Inc, is a specialty chemicals and materials company focused on developing, manufacturing and selling value-added products.
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