The stock of Calgon Carbon Corporation (NYSE:CCC) is a huge mover today! About 197,345 shares traded hands. Calgon Carbon Corporation (NYSE:CCC) has risen 7.29% since March 1, 2016 and is uptrending. It has underperformed by 1.96% the S&P500.
The move comes after 7 months positive chart setup for the $797.97M company. It was reported on Oct, 4 by Barchart.com. We have $24.99 PT which if reached, will make NYSE:CCC worth $454.84M more.
Analysts await Calgon Carbon Corporation (NYSE:CCC) to report earnings on November, 3. They expect $0.14 EPS, down 39.13% or $0.09 from last year’s $0.23 per share. CCC’s profit will be $7.02 million for 28.43 P/E if the $0.14 EPS becomes a reality. After $0.15 actual EPS reported by Calgon Carbon Corporation for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.
Calgon Carbon Corporation (NYSE:CCC) Ratings Coverage
Out of 5 analysts covering Calgon Carbon (NYSE:CCC), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $20 is the highest target while $19 is the lowest. The $19.50 average target is 22.49% above today’s ($15.92) stock price. Calgon Carbon has been the topic of 5 analyst reports since February 22, 2016 according to StockzIntelligence Inc. As per Monday, February 22, the company rating was downgraded by Roth Capital. The rating was downgraded by BB&T Capital on Monday, February 22 to “Hold”. The firm has “Outperform” rating by Oppenheimer given on Wednesday, June 1. Robert W. Baird upgraded Calgon Carbon Corporation (NYSE:CCC) rating on Tuesday, October 4. Robert W. Baird has “Outperform” rating and $19 price target. The firm has “Buy” rating given on Wednesday, May 11 by Janney Capital.
According to Zacks Investment Research, “Calgon Carbon Corporation has four reportable segments, Activated Carbon, Service, Engineered Solutions and Consumer Health. These reportable segments are composed of global profit centers that make and sell different products and services.In addition to offering services to clean water from contaminated aquifers and surface impoundments and to clean accidental spills on a fee basis, the Company also sells a line of adsorption and filtration equipment to clean water from contaminated aquifers and industrial wastewater and surface impoundments.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.22, from 1.21 in 2016Q1. The ratio fall, as 20 funds sold all Calgon Carbon Corporation shares owned while 49 reduced positions. 20 funds bought stakes while 48 increased positions. They now own 38.08 million shares or 10.50% less from 42.54 million shares in 2016Q1.
Van Eck Associate Corp has invested 0% of its portfolio in Calgon Carbon Corporation (NYSE:CCC). Capstone Asset Management owns 15,106 shares or 0.01% of their US portfolio. Royal Commercial Bank Of Canada holds 9,138 shares or 0% of its portfolio. Cambiar Investors Ltd Llc holds 1.78 million shares or 0.33% of its portfolio. Btim Corp accumulated 1.06M shares or 0.24% of the stock. Moreover, Hl Financial Service Ltd Com has 0.03% invested in Calgon Carbon Corporation (NYSE:CCC) for 101,666 shares. New York State Common Retirement Fund has 0% invested in the company for 50,500 shares. Sg Americas Securities Limited Liability Company last reported 21,097 shares in the company. Teachers Advsr has 0% invested in the company for 81,116 shares. Pnc Services Group has 0% invested in the company for 165,415 shares. California Public Employees Retirement Sys last reported 0% of its portfolio in the stock. Moreover, Public Sector Pension Invest Board has 0.01% invested in Calgon Carbon Corporation (NYSE:CCC) for 36,128 shares. Highlander Cap Mgmt Ltd Liability accumulated 98,900 shares or 1.19% of the stock. Moreover, Springbok Capital Management has 0.01% invested in Calgon Carbon Corporation (NYSE:CCC) for 3,342 shares. Bluecrest Cap Mgmt Limited holds 0.01% or 11,076 shares in its portfolio.
More important recent Calgon Carbon Corporation (NYSE:CCC) news were published by: Seekingalpha.com which released: “Calgon Carbon Corporation: Benefitting From Government Regulation” on August 04, 2016, also Bizjournals.com published article titled: “Calgon Carbon inks deal to buy European company’s activated carbon unit”, Businesswire.com published: “Calgon Carbon Plans to Acquire the European Wood-Based Activated Carbon and …” on April 14, 2016. More interesting news about Calgon Carbon Corporation (NYSE:CCC) was released by: Businesswire.com and their article: “Calgon Carbon Corporation Announces New Senior Leadership Appointments and …” with publication date: October 23, 2015.
CCC Company Profile
Calgon Carbon Corporation, incorporated on November 27, 1967, is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment (BWT), ultraviolet (UV) light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions and various industrial and commercial manufacturing processes. The Company’s divisions include Activated Carbon and Service, Equipment and Consumer. The Firm offers a range of products, services, and equipment developed for the purification, separation and concentration of liquids, gases and other media through its divisions. The Company’s markets include potable water, industrial process, environmental water, environmental air, food and specialty markets.
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