Clean Diesel Technol (NASDAQ:CDTI)‘s stock had its “outperform” rating reaffirmed by Zacks in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. They currently have a $3.50 price objective on the stock. Zacks‘ target price would indicate a potential upside of 148.23% from the company’s current price.
Zacks‘ analyst wrote, “Clean Diesel Technologies is a leading provider of pollution control solutions for gasoline and diesel engines. The company offers both OEM and after-market products on a worldwide basis. The company was formed by a merger in October 2010. Over the next three years significant on highway diesel vehicle pollution regulations will be implemented which will have a major impact on the company’s revenue and earnings. Off highway markets are also significant and are becoming important to Clean Diesel. “
Clean Diesel Technol (NASDAQ:CDTI) traded down 3.42% during mid-day trading on Tuesday, hitting $1.41. 174,310 shares of the company’s stock traded hands. Clean Diesel Technol has a one year low of $1.10 and a one year high of $3.05. The stock’s 50-day moving average is $1.4 and its 200-day moving average is $1.5. The company’s market cap is $13.1 million.
Clean Diesel Technol (NASDAQ:CDTI) last announced its earnings results on Tuesday, November 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.08. The company had revenue of $14.20 million for the quarter, compared to the consensus estimate of $13.60 million. On average, analysts predict that Clean Diesel Technol will post $-0.66 earnings per share for the current fiscal year.
Clean Diesel Technologies, Inc (NASDAQ:CDTI), along with its business combination with Catalytic Solutions, Inc (CSI), is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused in the heavy duty diesel (HDD) and light duty vehicle (LDV) markets.
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