Zacks upgraded shares of Chemtura Corp. (NYSE:CHMT) from an underperform rating to a neutral rating in a report released on Wednesday, American Banking News reports. Zacks currently has $27.60 price objective on the stock.
Separately, analysts at Topeka Capital Markets initiated coverage on shares of Chemtura Corp. in a research note to investors on Tuesday, November 26th. They set a buy rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $28.92.
Shares of Chemtura Corp. (NYSE:CHMT) traded up 0.49% during mid-day trading on Wednesday, hitting $26.45. The stock had a trading volume of 62,971 shares. Chemtura Corp. has a 1-year low of $19.05 and a 1-year high of $27.52. The stock has a 50-day moving average of $24.87 and a 200-day moving average of $23.20. The company’s market cap is $2.552 billion.
Chemtura Corp. (NYSE:CHMT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $569.00 million for the quarter, compared to the consensus estimate of $556.33 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Chemtura Corp. will post $0.65 earnings per share for the current fiscal year.
Chemtura Corporation (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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