Calgon Carbon Corporation (NYSE:CCC) Receives Consensus Rating of “Hold” from Analysts
Calgon Carbon Corporation (NYSE:CCC) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.40.
A number of equities analysts have recently issued reports on the company. Sidoti restated a “buy” rating and set a $20.00 price objective (up from $18.00) on shares of Calgon Carbon Corporation in a research report on Wednesday, July 12th. Janney Montgomery Scott downgraded Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $16.00 in a research report on Thursday, July 13th. BidaskClub downgraded Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research downgraded Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, ValuEngine upgraded Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd.
WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/08/calgon-carbon-corporation-nyseccc-receives-consensus-rating-of-hold-from-analysts.html.
In other Calgon Carbon Corporation news, Director J Rich Alexander sold 5,251 shares of Calgon Carbon Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total value of $74,826.75. Following the completion of the sale, the director now directly owns 24,183 shares in the company, valued at $344,607.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.32% of the company’s stock.
Large investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd increased its stake in shares of Calgon Carbon Corporation by 5.7% in the first quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock worth $155,000 after buying an additional 571 shares during the last quarter. Norges Bank acquired a new stake in shares of Calgon Carbon Corporation during the fourth quarter worth $8,245,000. Princeton Alpha Management LP increased its stake in shares of Calgon Carbon Corporation by 20.0% in the first quarter. Princeton Alpha Management LP now owns 20,249 shares of the industrial products company’s stock worth $296,000 after buying an additional 3,381 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Calgon Carbon Corporation by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 1,503,373 shares of the industrial products company’s stock worth $21,948,000 after buying an additional 10,322 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Calgon Carbon Corporation by 14.2% in the first quarter. Eqis Capital Management Inc. now owns 11,846 shares of the industrial products company’s stock worth $173,000 after buying an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 81.41% of the company’s stock.
Calgon Carbon Corporation (CCC) opened at 16.05 on Tuesday. The stock’s 50 day moving average price is $15.46 and its 200 day moving average price is $14.83. The firm has a market capitalization of $814.59 million, a price-to-earnings ratio of 89.17 and a beta of 1.09. Calgon Carbon Corporation has a 52-week low of $12.89 and a 52-week high of $18.80.
Calgon Carbon Corporation (NYSE:CCC) last issued its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.14. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The company had revenue of $153 million during the quarter, compared to the consensus estimate of $151.18 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Calgon Carbon Corporation will post $0.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a $0.05 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. Calgon Carbon Corporation’s payout ratio is currently 133.33%.
About Calgon Carbon Corporation
Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.
Receive News & Ratings for Calgon Carbon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.