Calgon Carbon Corp. Reaches New 1-Year High at $23.13 (CCC)
Calgon Carbon Corp. (NYSE:CCC) shares reached a new 52-week high on Wednesday , Analyst Ratings Network reports. The stock traded as high as $23.13 and last traded at $22.94, with a volume of 75,652 shares trading hands. The stock had previously closed at $22.78.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Calgon Carbon Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $23.00 price target on the stock. Separately, analysts at Boenning Scattergood initiated coverage on shares of Calgon Carbon Corp. in a research note on Friday, May 23rd. They set an “outperform” rating and a $26.00 price target on the stock. Finally, analysts at Ardour Capital upgraded shares of Calgon Carbon Corp. from a “hold” rating to an “accumulate” rating in a research note on Friday, May 9th. They now have a $24.00 price target on the stock, up previously from $17.00. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $23.67.
The stock has a 50-day moving average of $21.9 and a 200-day moving average of $20.8. The company has a market cap of $1.214 billion and a P/E ratio of 27.12.
Calgon Carbon Corp. (NYSE:CCC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $132.45 million. During the same quarter last year, the company posted $0.18 earnings per share. Calgon Carbon Corp.’s revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Calgon Carbon Corp. will post $0.97 earnings per share for the current fiscal year.
Calgon Carbon Corporation, is a manufacture, reactivation, and application of activated carbon, ballast water treatment (NYSE:CCC), ultraviolet (UV) light disinfection, and advanced ion-exchange technologies.
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