Calgon Carbon Corporation (CCC) Cut to Hold at BidaskClub
BidaskClub downgraded shares of Calgon Carbon Corporation (NYSE:CCC) from a buy rating to a hold rating in a research report report published on Thursday.
CCC has been the subject of a number of other research reports. Zacks Investment Research upgraded Calgon Carbon Corporation from a sell rating to a hold rating in a report on Tuesday, July 11th. Roth Capital set a $16.00 price target on Calgon Carbon Corporation and gave the stock a hold rating in a report on Saturday, April 1st. Sidoti restated a buy rating and issued a $20.00 price target (up previously from $18.00) on shares of Calgon Carbon Corporation in a report on Wednesday, July 12th. ValuEngine upgraded Calgon Carbon Corporation from a sell rating to a hold rating in a report on Saturday, June 3rd. Finally, Janney Montgomery Scott cut Calgon Carbon Corporation from a buy rating to a neutral rating and decreased their price target for the stock from $18.00 to $16.00 in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.83.
Shares of Calgon Carbon Corporation (CCC) opened at 15.75 on Thursday. The firm has a market cap of $799.36 million, a PE ratio of 87.50 and a beta of 1.07. The company has a 50-day moving average of $15.41 and a 200 day moving average of $14.87. Calgon Carbon Corporation has a one year low of $12.89 and a one year high of $18.80.
Calgon Carbon Corporation (NYSE:CCC) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The firm had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $143.03 million. Calgon Carbon Corporation had a return on equity of 5.68% and a net margin of 1.70%. Calgon Carbon Corporation’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. On average, equities research analysts expect that Calgon Carbon Corporation will post $0.55 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Calgon Carbon Corporation (CCC) Cut to Hold at BidaskClub” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/calgon-carbon-corporation-ccc-cut-to-hold-at-bidaskclub/1463676.html.
In other news, Director J Rich Alexander sold 5,251 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total transaction of $74,826.75. Following the completion of the transaction, the director now directly owns 24,183 shares in the company, valued at approximately $344,607.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.32% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CCC. BNP Paribas Arbitrage SA boosted its position in Calgon Carbon Corporation by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock valued at $166,000 after buying an additional 51 shares during the period. Louisiana State Employees Retirement System boosted its position in Calgon Carbon Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the industrial products company’s stock valued at $313,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its position in Calgon Carbon Corporation by 1.2% in the first quarter. Arizona State Retirement System now owns 26,339 shares of the industrial products company’s stock valued at $385,000 after buying an additional 300 shares during the period. Texas Permanent School Fund boosted its position in Calgon Carbon Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 37,055 shares of the industrial products company’s stock valued at $560,000 after buying an additional 387 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Calgon Carbon Corporation by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock valued at $181,000 after buying an additional 510 shares during the period. Institutional investors own 81.67% of the company’s stock.
Calgon Carbon Corporation Company Profile
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 Analyst Ratings Network's FREE daily email newsletter.