A report released today by Zacks Investment Research about Chemtura Corp (NYSE:CHMT) raises the target price to $37.00
- Updated: October 3, 2016
Chemtura Corp (NYSE:CHMT) had its price target upped to $37.00 by Zacks Investment Research in an issued report announced 10/03/2016. The updated stock price target implies a possible upside of 0.13% based on the company's most recent stock price close.
Boasting a price of $32.81, Chemtura Corp (NYSE:CHMT) traded 0.03% higher on the day. With the last stock price close up 18.21% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Chemtura Corp has recorded a 50-day average of $29.87 and a two hundred day average of $27.76. Trade Volume was down over the average, with 64,533 shares of CHMT changing hands under the typical 819,611
Recent Performance Chart
Chemtura Corp has PE ratio of 61.92 with a one year low of $23.50 and a one year high of $32.99 and has a market capitalization of $0.
A total of 7 brokerages have issued a ratings update on Chemtura Corp. Two brokerages rating the company a strong buy, four brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $33.86.
General Company Details For Chemtura Corp (NYSE:CHMT)
Chemtura Corporation is a developer, manufacturer and marketer of engineered industrial specialty chemicals. The Company's products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. It operates through two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a manufacturer and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester-based fluids, and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a developer and manufacturer of bromine and bromine-based products and organometallic compounds. It operates in a range of end-use industries, including automotive, building and construction, electronics, lubricants, packaging and transportation.
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