Cytec Industries Stock Rating Reaffirmed by KeyCorp (CYT)
Cytec Industries (NYSE:CYT)‘s stock had its “buy” rating reaffirmed by investment analysts at KeyCorp in a note issued to investors on Wednesday. They currently have a $119.00 target price on the stock, up from their previous target price of $113.00. KeyCorp’s price target would indicate a potential upside of 14.45% from the company’s current price.
Cytec Industries (NYSE:CYT) traded up 0.16% during mid-day trading on Wednesday, hitting $104.15. 122,577 shares of the company’s stock traded hands. Cytec Industries has a one year low of $74.29 and a one year high of $107.07. The stock has a 50-day moving average of $102.2 and a 200-day moving average of $96.43. The company has a market cap of $3.734 billion and a P/E ratio of 20.40.
Cytec Industries (NYSE:CYT) last posted its quarterly 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. On average, analysts predict that Cytec Industries will post $5.76 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cytec Industries in a research note on Wednesday, July 9th. They now have a $108.00 price target on the stock, up previously from $101.00. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Cytec Industries in a research note on Wednesday, June 25th. They set a “hold” rating and a $108.00 price target on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cytec Industries currently has an average rating of “Hold” and a consensus price target of $102.83.
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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