Calgon Carbon Corporation (NYSE:CCC) had its price target boosted by analysts at Robert W. Baird from $17.00 to $21.00 in a note issued to investors on Friday. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential downside of 1.87% from the stock’s previous close.
CCC has been the topic of several other reports. Sidoti reiterated a “buy” rating and issued a $20.00 price objective (up from $18.00) on shares of Calgon Carbon Corporation in a research note on Wednesday, July 12th. BidaskClub cut Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Janney Montgomery Scott cut Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 target price on the stock. in a research report on Thursday. Zacks Investment Research cut 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 research report on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.70.
Shares of Calgon Carbon Corporation (CCC) remained flat at $21.40 during midday trading on Friday. The company had a trading volume of 6,523,868 shares. The firm’s 50 day moving average price is $13.45 and its 200-day moving average price is $14.24. Calgon Carbon Corporation has a 12-month low of $12.00 and a 12-month high of $21.40. The firm has a market capitalization of $1.09 billion, a P/E ratio of 153.96 and a beta of 1.14.
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 for the quarter, hitting the 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 $153.00 million during the quarter, compared to analyst estimates of $151.18 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities analysts forecast that Calgon Carbon Corporation will post $0.50 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in CCC. BlackRock Inc. grew its stake in shares of Calgon Carbon Corporation by 18,763.5% during the 1st quarter. BlackRock Inc. now owns 6,327,956 shares of the industrial products company’s stock valued at $92,388,000 after buying an additional 6,294,410 shares during the period. Rutabaga Capital Management LLC MA purchased a new stake in Calgon Carbon Corporation during the 2nd quarter worth $18,669,000. Dimensional Fund Advisors LP boosted its position in Calgon Carbon Corporation by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,170,893 shares of the industrial products company’s stock worth $47,881,000 after purchasing an additional 315,651 shares during the period. Parametric Portfolio Associates LLC boosted its position in Calgon Carbon Corporation by 396.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 349,277 shares of the industrial products company’s stock worth $5,099,000 after purchasing an additional 278,907 shares during the period. Finally, Vanguard Group Inc. boosted its position in Calgon Carbon Corporation by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 4,621,432 shares of the industrial products company’s stock worth $67,473,000 after purchasing an additional 276,619 shares during the period. 85.19% of the stock is owned by institutional investors.
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.
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