CARBO Ceramics Price Target Raised to $148.00 at Goldman Sachs (CRR)
Equities researchers at Goldman Sachs boosted their target price on shares of CARBO Ceramics (NYSE:CRR) from $138.00 to $148.00 in a research report issued on Thursday. Goldman Sachs’ price target would indicate a potential upside of 2.34% from the stock’s previous close.
CARBO Ceramics (NYSE:CRR) traded down 1.53% during mid-day trading on Thursday, hitting $144.61. The stock had a trading volume of 227,365 shares. CARBO Ceramics has a 52-week low of $71.50 and a 52-week high of $156.00. The stock’s 50-day moving average is $141.4 and its 200-day moving average is $128.6. The company has a market cap of $3.341 billion and a price-to-earnings ratio of 39.58.
CARBO Ceramics (NYSE:CRR) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that CARBO Ceramics will post $4.36 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim upgraded shares of CARBO Ceramics from a “sell” rating to a “neutral” rating in a research note on Wednesday. They now have a $165.00 price target on the stock, up previously from $110.00. Separately, analysts at Ned Davis Research upgraded shares of CARBO Ceramics from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $136.94.
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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