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CARBO Ceramics (NYSE:CRR) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are covering the stock, reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $136.94.

CARBO Ceramics (NYSE:CRR) opened at 141.95 on Wednesday. CARBO Ceramics has a 52 week low of $72.27 and a 52 week high of $156.00. The stock’s 50-day moving average is $141. and its 200-day moving average is $128.8. The company has a market cap of $3.279 billion and a P/E ratio of 38.98.

CARBO Ceramics (NYSE:CRR) last posted its quarterly 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. Analysts expect that CARBO Ceramics will post $4.36 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of CARBO Ceramics from $138.00 to $148.00 in a research note on Thursday. Separately, 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. Finally, 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.

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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