Calgon Carbon (CCC) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of Calgon Carbon (NYSE:CCC) from a hold rating to a buy rating in a report published on Thursday morning.
Separately, Zacks Investment Research lowered Calgon Carbon from a hold rating to a sell rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $19.63.
Calgon Carbon (NYSE CCC) opened at $21.40 on Thursday. The firm has a market capitalization of $1,087.39, a P/E ratio of 39.63 and a beta of 1.03. Calgon Carbon has a 1 year low of $12.00 and a 1 year high of $22.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.60 and a current ratio of 2.57.
Several hedge funds and other institutional investors have recently modified their holdings of CCC. Zions Bancorporation bought a new position in shares of Calgon Carbon during the 3rd quarter worth approximately $169,000. LMR Partners LLP bought a new position in shares of Calgon Carbon during the 3rd quarter worth approximately $200,000. Aperio Group LLC bought a new position in shares of Calgon Carbon during the 4th quarter worth approximately $220,000. Tower Research Capital LLC TRC boosted its stake in shares of Calgon Carbon by 122.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,518 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 5,794 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Calgon Carbon during the 4th quarter worth approximately $298,000. Institutional investors own 92.49% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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