Calgon Carbon Corporation (CCC) Given Average Rating of “Hold” by Analysts
Calgon Carbon Corporation (NYSE:CCC) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $19.17.
A number of research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Calgon Carbon from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, September 22nd. Janney Montgomery Scott lowered shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 target price for the company. in a research report on Thursday, September 21st. Sidoti lowered shares of Calgon Carbon from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $20.00 in a research report on Monday, September 25th. Finally, Zacks Investment Research raised shares of Calgon Carbon from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th.
Calgon Carbon (CCC) opened at $21.30 on Friday. The firm has a market cap of $1,084.81, a price-to-earnings ratio of 177.51 and a beta of 1.20. The company has a current ratio of 2.80, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. Calgon Carbon has a 52-week low of $12.00 and a 52-week high of $22.10.
A number of institutional investors have recently added to or reduced their stakes in CCC. Piedmont Investment Advisors LLC acquired a new position in shares of Calgon Carbon during the second quarter valued at about $166,000. Zions Bancorporation acquired a new position in shares of Calgon Carbon during the third quarter valued at about $169,000. BlueCrest Capital Management Ltd raised its position in shares of Calgon Carbon by 9.9% during the second quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock valued at $176,000 after buying an additional 1,050 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Calgon Carbon during the third quarter valued at about $200,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Calgon Carbon by 58.8% during the second quarter. BNP Paribas Arbitrage SA now owns 18,084 shares of the industrial products company’s stock valued at $273,000 after buying an additional 6,694 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.
About Calgon Carbon
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.
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