Calgon Carbon Corporation (CCC) is Reiterated by Wedbush to Neutral, Lowers Price Target to $ 15

Calgon Carbon Corporation (CCC) was Reiterated by Wedbush to “Neutral” while Lowering the Price Target of the company shares to $ 15 from a previous price target of $17 . Wedbush advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Calgon Carbon Corporation. Calgon Carbon Corporation was Downgraded by BB&T Capital Mkts to ” Hold” on Feb 22, 2016.

On the company’s financial health, Calgon Carbon Corporation reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.16. The company had revenue of $120.20 million for the quarter, compared to analysts expectations of $126.18 million. The company’s revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Calgon Carbon Corporation opened for trading at $14.56 and hit $15.24 on the upside on Friday, eventually ending the session at $15.2, with a gain of 3.54% or 0.52 points. The heightened volatility saw the trading volume jump to 7,67,948 shares. Company has a market cap of $769 M.

In a different news, on Nov 18, 2015, Louis S Massimo (director) purchased 10,000 shares at $15.22 per share price. According to the SEC, on Aug 25, 2015, James Andrew Coccagno (Senior Vice President) purchased 1,600 shares at $15.00 per share price. On Aug 20, 2015, Randall S. Dearth (CEO) purchased 2,539 shares at $15.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Calgon Carbon Corporation 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. The Company’s three segments include Activated Carbon and Service Equipment and Consumer. The Activated Carbon and Service segment manufactures and markets granular and powdered activated carbon. The Service aspect of the segment consists of carbon reactivation and the leasing monitoring and maintenance of carbon adsorption equipment. The Equipment segment provides solutions to customers’ air water and other liquid purification problems through the design fabrication installation and sale of equipment systems. The Consumer segment supplies activated carbon cloth for use in medical military and industrial applications.

Calgon Carbon Corporation

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